by Jason Simpkins
We all dream about our retirement — fishing, golfing, time with the kids and grandkids…
But the cold, unforgiving truth is that roughly half of all households with Americans 55 and up have no retirement savings at all. Nothing. Zip. Nada. Not a dime.
Furthermore, those who have saved haven’t saved enough. They’ve invested in IRAs and 401(k)s, and together with Social Security, they expect that to be enough.
Well, it’s not. And sadly, most retirees only find this out when it’s too late.
The average shortfall: $71,299 per individual in a family, $93,576 for single men, and $104,821 for single women.