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21.01.2020 15:30:00

This Group of People Is the Most at Risk of Retiring Broke

Nobody wants to retire broke, but it's an unfortunate reality many Americans will face.Today's workers face a unique struggle in that the majority of their retirement income will need to come from their personal savings. Previous generations were able to receive the bulk of their income from pensions and Social Security benefits. Today, though, few employers still offer pensions, and Social Security benefits are only designed to replace around 40% of your pre-retirement income.That means most retirees will need to lean heavily on their savings to make it through retirement, yet many workers are woefully unprepared financially. And there's one group in particular that may struggle more than most.Continue reading
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