According to a recent online poll conducted by ACCC, 70 percent of American consumers do not feel financially prepared for retirement and 46 percent rate the retirement income they expect to receive to be inadequate. (For more interesting statistics about retirement, check out the infographic which outlines the results of the poll.) Now that you’ve factored in the impact that inflation will have on you and your financial situation during retirement, do you feel prepared?
To better financially ready yourself for retirement and the future, check out the retirement section of the Talking Cents blog here. You will find articles about what a 401(k) and other types of retirement investment accounts are as well as basic ways to save for retirement.
If you are a senior citizen and over the age of 55, check out our Senior Citizen Resources page for information about everything from benefits to legal services to financial fitness, housing options, and paying for senior care.