Determining Your Post-Work Income

Topics:
Accounting software,
Retirement
Tags:
Benefits,
Human Resources,
Investopedia,
Recruitment & Selection,
Workforce Management
Source:
Investopedia

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Overview: How much money will one needs to retire? Probably more than one can think! Extended life spans, reduced employer benefits, lower market returns and increased costs of living have forced everyone to save more. Unfortunately, most Americans are doing a poor job of securing their future. The Employee Benefits Research Institute reports that if current trends continue, by 2030, the annual shortfall between the amount retired Americans need and the amount they actually have will be at least $45 billion. If one wants to avoid having to flip burgers at age 75, one of the best things one can do for himself is to calculate now how much he will need in the future.

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Format: HTML | Date: May 2005 | Pages: 3

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