According to the Statistic Brain Research Center, the average savings of a 50 year old is $42,797; 38% of Americans don’t save anything for retirement; and 36% of Americans over 65 rely entirely on Social Security for their income. These are not good numbers.
This piece from Outofyourut.com presents a wide angle look at retirement for folks who are in less than ideal financial shape. Some ideas you’ve heard before — others may be new, and worth thinking about. If you’re not where you’d like to be, definitely take a look.