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Facts about Retirement

Two major retirement studies were published this month - they gave a compelling look at the state of individual Americans’ retirement planning. The first determined that the average person relying on their 401(k) as their primary retirement source will have to wait until age 73 to retire comfortably. The other claimed that the “average American” has saved less than 7% of what they need for retirement. For example, respondents aged 50 to 59 have secured only about $29,000. 

What’s most interesting is that many of the respondents weren’t sure how to determine the amount of money they need to save for retirement… and knowledge is half the battle.

You are never too young or too old to start taking better control of your financial future.  For more information about successful planning tips, contact The Oldham Group at info@oldhamrealestate.com or call (512) 531.2904.

Talk to you soon!