Americans and Planning for Retirement
In a recent survey by Bankrate.com, 75% said they had financial regrets. Among those top listed was not saving enough for retirement. This leaves retirees with a series of tough choices after their career. It may not be as simple as just continuing your work, most find new part time jobs to make ends meet in retirement. Many experts say this is a symptom of a larger problem in general planning among Americans. Americans are not good at setting money aside for retirement or for unexpected emergency expenses. This coupled with the recent recession have left many nearing retirement with very little in savings and facing a tough retirement where Social Security will not be enough to cover most of their expenses. For more information visit this article by Brian O’Connell with The Street.