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060606 |
htm |
CNN |
43 Percent Insufficient Retirements
- The organization assumed a base target of 73 percent of one's
pre-retirement income for all households. In other words, a household with
$100,000 in annual income before retirement should be able to generate $73,000
from all sources
- Those most at risk of missing their goal, according to CRR:
- Low-income Gen Xers (born between 1965 and 1972): 60 percent
are at risk of having insufficient funds in retirement.
- Low-income late boomers (born 1955-1964): 54% are at
risk.
- Middle-income GenXers: 46% are at risk.
- Two-earner GenX couples: 53% at risk, since they often receive
less generous Social Security benefits than one-earner couples.
- Single GenX women: 52% at risk, since they are more likely
to be in the bottom third of income earners.
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2 |
080920 |
htm |
WashPost |
No Longer Ready to Retire
- In Economic Crisis, Nest Eggs Vanish, as Do Long-Held
Dreams
- After last week -- which saw volatile market swings, major bankruptcies
of once-stable and venerated firms and the largest government intervention
in the market since the Depression -- people across the Washington area reported
not only heightened anxiety about money, but uncertainty, if not outright
fear.
- And the average 65-year-old retiree can expect to live 17 more years,
the says. So this weekend, Celine started a $15-an-hour job. "I'll probably
be working for the rest of my life," she said. "Some golden years."
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3 |
090516 |
htm |
WashPost |
Baby Boomers' Retirement Bummer
- Let's start with the basic fact that only about half of Americans
have any employer-sponsored retirement plan at all.
- About 80 percent of employees
in medium-size and large companies had such plans in 1985, according to the
Labor Department. By 2000, defined-benefit recipients totaled just 36
percent.
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