[BITList] Fwd: 5 Shocking Retirement Facts

[FA]

Coin
this is the line I find hard to implement

  You have to put your money to work, safely."
frank

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Despite the Dow hitting all-time highs, millions of Americans still have 
a dismal outlook when it comes to their own ability to retire.

Consider these five statistics:

  * 46% of Americans have less than $10,000 saved for retirement.
    (Employment Benefit Research Institute)
  * 40% of baby boomers now plan to work until they die. (AARP)
  * 36% of Americans say they don?t contribute anything at all to their
    savings. [CNBC]
  * 87% of adults say they are not confident about having money for a
    comfortable retirement. (Lifehappens.org)
  * Expected retirement age is up to 67 from age 63. (Zero Hedge)

So why, in the great prosperous country of America, are so many faced 
with doomed retirement dreams?

Those who took the surveys pointed to the rising cost of living and 
day-to-day expenses as the reason they are worried about or unable to 
save enough for retirement. And many also noted that rising healthcare 
and long-term care costs will have a major impact on their ability to 
afford a comfortable retirement.

Adding insult to injury is the fact that the once mighty dollar no 
longer goes as far as it once did, as a result of the loose monetary 
policies from the Federal Reserve.

?The biggest retirement mistake people make is they stick their money in 
a bank,? comments Aaron DeHoog, the financial publisher of Newsmax. ?The 
reality is, inflation will destroy 50% of your savings every 22 years if 
you let it sit there. You have to put your money to work, safely.?

The problem is that current yields on safe investments, like CDs, bonds, 
and money markets, pay 85% less than what they did just six years ago.




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