Billy Florence - New Retirement Study

I often share information and stats about retirement. There are too many Americans who are not prepared for it. It is important to save more for retirement. But our TEAM helps people to also start a business of their own. Taking control of your financial future and building a business of your own could be one of the best decesions you ever make. We do believe strongly in being wise and saving money as well as building a business that can give you long term income even after you "retire" from your job.

Billy Florence - New Retirement Study

A new retirement risk index released Tuesday estimates that 43 percent of working-age households are not likely to have enough retirement income to replicate their current standard of living.

The Center for Retirement Research (CRR) at Boston College created the index and defines "at risk" to mean those households projected to fall at least 10 percent short of their income target in retirement.

The organization assumed a base target of 73 percent of one's pre-retirement income for all households. In other words, a household with $100,000 in annual income before retirement should be able to generate $73,000 from all sources, including savings, Social Security and pensions. Targets, however, vary according to marital status, gender and income.

Read the complete study at CNNMoney.com:

http://money.cnn.com/2006/06/06/retirement/risk_index/index.htm

More from Billy Florence on Retirement:

http://billyflorence.blogharbor.com/blog/_archives/2006/5/9/1950527.html
http://billyflorence.typepad.com/quixtar/2006/03/billy_florence__2.html
http://billyflorence.mindsay.com/?date=2006-05-27

© 2006 Florence News reprint permission to Billy Florence Team blog.