Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Back to General Discussion

The Financial Condition Of Pre-Retirees: Precarious

Friday, May 17, 2013 - 6:43 PM
From Scott Burns:

     "...researchers found that nearly half of all households could
      convert their entire savings into no more than $5,000 a year
      of lifetime income. Their savings, in other words, weren’t
      going to do much for their retirement security. The top 11
      percent of households, on the other hand, could buy at least
      $50,000 a year of lifetime income.   ...

      Marriage, friendship and sharing have never been so important—
      and so ignored.

Read all:
5
cumuluscumulus297 posts since
Jan 16, 2010
Rep Points: 1,374
Reply