“Most workers don’t have enough money to retire
Total savings and investments, 2015
Less than $1,000 28%
$1,000 – $9,999 17%
$10,000 – $24,999 12%
$25,000 – $49,999 9%
$50,000 – $99,999 10%
$100,000 – $249,999 10%
$250,000 or more 14%
Source: Employee Benefit Research Institute”
From the horrendous stats above, apparently, most people are not placing their excess funds in retirement savings.
Unbelievable, especially when you consider it is estimated that most couples will need $250K to cover medical expenses alone between the ages of 65-85, even if you have Medicare and supplemental insurance.
