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spending

From the Center for Retirement Research…

September 5, 2016 by Sherry

Housing, Health Are 1/2 of Elderly’s Costs

Source:  http://squaredawayblog.bc.edu/squared-away/housing-health-are-12-of-elderlys-costs/

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Categories Housing Tags elderly, housing, spending Leave a comment

Making money last in retirement

June 13, 2017August 29, 2016 by Sherry

By Adam Zoll | 03-21-2015 09:00 AM

Source:  http://morningstar.com

Note:  Not a live video as the host states.  It is a recorded version.

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Categories Investing Tags making money last, money, retirement, savings, spending Leave a comment

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Retirement Statistics

-Ave. retirement age: 65 for Men, 63 for Women
-Ave. length of retirement: 18 years
-Ave. net worth of a 55-64 year old: $45,447
-Percentage of Americans over 65 who rely solely on Social Security: 40%
-Number of Americans who turn 65 per day: 6,100
-Percentage of population 65 years of age or older: 13%

Out of 100 people who starts working at age 25, by age 65 that have adequate capital stowed away for retirement: 4%

Americans older than 50 account for 77% of all financial assets

“Those who live many years should rejoice in them all” (Ecclesiastes 11:20).

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