The Employee Benefit Research Institute’s 2012 Retirement Confidence Survey found that 60 percent of workers estimate their total household retirement savings and investments to be less than $25,000.
With numbers like these, it’s no surprise that a report by the Transamerica Center for Retirement Studies finds that over half of American workers expect to work past the age of 65. The number one reason? They don’t believe they have enough saved.
If you’re unsure about how much you’ll need for retirement, you may find it helpful to spend some time with CNNMoney’s retirement calculators. And if you need more assistance building your retirement, you can always consult a trusted financial planner.
Are you planning to work during retirement? Why or why not?
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