Taken up in this blog:
- Retirement Readiness
- Paying Cash
- Parent Borrowing
- Social Security
In a Prudential Investments [http://www.prudential.com] study of American's preparations for retirement the facts revealed are
- 80% of us claim that retirement is our top financial priority;
- most surveyed adults gave themselves a grade of C or worse for their own preparation;
- 40% claimed they have no idea how to better prepare;
- 63% say investing is too confusing; and
- well over half plan to work beyond retirement age, at least to supplement retirement income.
- For your nest egg to provide you with the standard of living you want, and still last your natural lifetime, what rate of return must you earn in your current retirement plan?
- For your nest egg to provide you with the standard of living you want, and still last your natural lifetime how much more do you need to be saving on a monthly or annual basis?
- For your nest egg to provide you with the standard of living you want, and still last your natural lifetime how many more years will you have to work?
- If you make no changes to your current retirement plan, by how much will you have to reduce your lifestyle so that your nest egg will last your natural lifetime?