How can such a simple thing be so misunderstood?

A recent research study reported that 40 Million Americans have NO retirement savings. Another report revealed that the average retiree only has about $415,000 in savings?

Given that life expectancy is increasing to about 90 these days, if you retire at 65 then that $415,000 will only provide a little more than $16,000 a year to cover the increasing cost of living above your social security income.

Should be a wakeup call to anyone, especially since technology and AI is automating jobs out of existence and will continue to do so further decreasing your financial security before you reach your retirement age.

See full article here.