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A Sobering Look at Retirement

A recent study by Natixis and The Boston College Center for Retirement Research paints a bleak picture of retirement for many individuals. People working today may be unable to maintain their current standard of living. The article at goes into the details.

Bottom line:

  • People are not invested properly in the market.
  • They are giving up better rates of return for the safety of principal in a bank account
  • 66% of workers have saved less than $50,000 for retirement

Here’s where it gets scary:
89% of respondents believe they are on track to reach their retirement goals, when only 54% have a plan. 45% did not even have a goal. How can you be on track to reach a goal, when you can’t even define your goal?!