These types of articles miss giving details; for instance, what does this mean: It turns out that those fears are completely justified, as many Americans on the cusp of retirement are evidently unprepared for what lies ahead. A Bankrate survey revealed that a whopping 26% of Americans between the age of 50 and 64 have nothing saved for retirement at all, and 14% of those over 65 haven’t saved anything either. Does it mean they have no 401K account? Does someone with a million dollars in their 401K qualify as having no savings? What if they have a house and a vacation house, both fully paid for? What if they can sell their house for a million dollars? In other words, no savings does not necessarily mean no assets.
Posted on: Thu, 25 Dec 2014 19:26:01 +0000
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