Saturday, February 19, 2011

Boomers Fall Short on Retirement Savings

People having to plan for part-time work into their 70's.
Just 8% of households approaching retirement have the $636,673 or more in their 401(k)s that would be needed to generate $39,465 a year.
This is the backdrop for the backlash to the Wisconsin union hogs. And for people trapped in Illinois.

HT Steve Bartin.

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