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Economy: Are you better off?
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My Ten Sense: 5 ways to properly prepare for retirement
I meet with retired individuals every day, and it’s eye-opening that most of them can barely pay for their groceries and medications and some are struggling to pay mortgages. And 99% of them don’t even have $100 saved in the bank.
This is inline with U.S. Dept of Labor statistics that 95% of people ages 65 and older can’t afford to retire and live off a combination of Social Security and depending on others, such as family members and government assistance programs.
If you want to be among the 5% of retirees who retire comfortably, read 5 tips on my financial advice blog, www.mytensense.com.
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