Retirement - face retirement without saving

Damn! water! water! My hair is on fire! Oh, this is not my hair! This is my bank account! I completely smoked it! In the past 30 years of career development, I inadvertently burned it. If there is any comfort, then there are many companies in your current tragic dilemma.

Alana Semuels, February 22, 2018 from

Atlantic Organization from

 Article, from

This is life without retirement savings.from

According to data from the National Institute of Retirement Security, a non-profit organization, "...for the population between the ages of 55 and 64, the median savings for the 401[k] plan are currently It's only $15,000." Other workers are unable to get a retirement plan through their employer. They are from poverty to the poor. "

According to the Social Security Administration report dated January 13, 2017, 21% of married couples and 43% of single elderly people rely on social security to earn 90% or more of income, which is a sober reality. According to the 2015 Gallup poll, 36% of recent retirees said they expect social security to become a major source of income once they retire.

How and why too many baby boomers find themselves at a critical crossroads for years to come with little or no financial resources? Have you failed to establish a sound pension plan early in life? Are you busy building your career and achieving your work goals? Does the excitement of consumerism consume you and make you lose the "lack of" that delays immediate impulsiveness to support the wisdom of long-term "demand"? Are there any unexpected and inevitable financial crises that have exhausted your financial resources? Does a breadwinner, college expenses, parental illness, divorce or natural disaster undermine your long-term financial plan?

But you are here. It was then; this is now. Your current reality reminds us what we are going to do now. please remember. Breathe. Let's take a look at the options.

First, ask the expert to evaluate your current actual assets. There are many free services for older people designed to help older people control their financial situation. E.g, American Association of Retired Persons, Under the heading, from

financialfrom

, has a full set of human resources and online resources. Such as "from

Get help choosing financial advisorfrom

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Tax-free preparationfrom

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Fund management resourcesfrom

, "- is designed to help you determine the actual state of your current financial situation.

Another valuable resource for baby boomers and older people is the federal government. Google search for "Government Services for the Elderly" has produced a gold mine where older people can retrieve specific recommendations as well as physical products and services. To a large extent, baby boomers are unaware of the existence of these resources or are unwilling to use them. The irony is that we, through taxation, have generously contributed to the development and delivery of what the government is now offering. It's time to enter this rich resource slot, in fact, you helped build it!

Now that you realize that Dorothy, "You are no longer in Kansas," you need to decide which yellow brick road to take in order to best meet your current economic needs.

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  Where and where can you save with minor changes to your current lifestyle?


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  How and where do you operate your current limited assets more efficiently?


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  Whether for yourself or someone else, full-time or part-time, how and where you can work to increase your current income, whether you have done something before, or do something new.

Through smart savings, lifestyle adjustments and creative work strategies, you can and will survive after retirement and may thrive despite limited retirement income and savings.

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