Wednesday, August 08, 2007

Retirement Savings Scare

Consumer advocate David Horowitz tossed out some stats from his radio show "Fight Back!" a while ago that both startled and frankly concerned me. Trust me, I do not listen to much talk radio as most of those bozos leave me with the same feeling I get from finger nails on a chalkboard. I actually found his website link in our Costco magazine recently and found more details there.

Mr. Horowitz was sharing an observation that a healthy individual retiring today at age sixty-five could expect to live to 90 years of age. His point being that many people are simply not planning their retirement strategy in a way which will save or generate enough income to reach that age. This certainly rang true for my wife and I. We did her calculations on 82 and mine on 78. We are finding that from a savings standpoint, we are not even close for those ages, let alone 90. Obviously, this is why we are working on becoming Internet entrepreneurs! We are not alone as he points out that the Society of Actuaries has said that 68% of retired men and 60% of retired women have underestimated their life expectancy in retirement calculations.

If you are growing concerned as you read the above, I recommend you visit our newsletter site at for more information about retirement strategies. When you subscribe to our fre*e newsletter, you can also to get a fre*e "retirement calculator tool" from the link in the newsletter. Hopefully your new calculations will put your mind at ease.

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