American workers are not saving much money for their retirement.
According to a study
released in August 2007 by the Benefit Research Institute (EBRI)
and the Investment Company Institute (ICI),
the average 401(k) balance for workers in their 60s is $157,727.
Workers in their 50s have an average balance of $148,927.
Imagine trying to live on that small amount of money for years
and years after you retire. To ensure that you have enough money
for a financially secure retirement, start an aggressive saving
program now.
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Increase Your Savings
Getting To One Million Dollars
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Some Planning
Posted August 25, 2007.
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