Procrastination and Misunderstanding Are Having an Impact on Retirement Readiness
Fidelity Investments’ first-ever Retirement IQ Survey produced some startling conclusions, one of the most significant of which is the persistent underestimation of how much is needed in the way of savings for a comfortable retirement. This, coupled with an overall failing grade among survey participants on questions basic to retirement planning, underscores the need for employers to do a better job assisting employees in understanding the importance of knowing key aspects of long-term financial planning. Freelance writer Bruce Shutanin, in a post on www.employeebenefitadviser.com, takes a look at this subject and offers suggestions for how employers need to engage employees for the future. Read his article here…
It’s up to you, the individual, to take the initiative to build and protect your retirement from the effects of the coming inflation. That is, if you have anything left after paying for healthcare and all the other things one has to have nowadays just to live. I long for a simpler time, when a dollar was worth a dollar and you knew what your leaders were up to. That hasn’t been the case for decades, so to me it was prudent to start looking for a better place to live out my final years. That place ended up being in Panama at Finca Cazador, where the cost of living is so much lower and life is much simpler.