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More on the savings (or lack there of) issue
Advising readers that there is a need to begin saving for retirement from their very first paycheck forward, FOX11 News offers comments on why the absence of accumulated savings is a major issue for future retirees. This excerpt from the post puts the problem in perspective: “According to the U.S. Government Accountability Office, 52 percent of those age 55 and older have no retirement savings. Nothing! Of the 48 percent who do have some retirement savings–the median amount is approximately $109,000.” Read the article here…