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Don’t despair about retirement — take action

By – STEVE VERNON, www.cbsnews.com)

Yet another survey illustrates the anxiety many Americans feel about retirement. Insurance company Northwestern Mutual recently released its 2015 Planning and Progress Study, which reveals how many Americans feel insecure about their retirement:

• 31 percent believe there’s at least a 50/50 chance they’ll outlive their savings.
• 30 percent say it’s not at all likely that Social Security will be there when they need it.
• 52 percent express uncertainty about having a safety net if they outlive their savings.

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