Retirement Planning


  • 57% of American workers have less than $25,000 in total savings and investments.
  • Nearly 30% of American workers have less than $1,000 total in their savings and investment accounts.
  • 62% of workers are not contributing to any kind of workplace retirement savings plan, even though such plans are available to about half the workforce.
  • Only 24% of American workers are very confident they will have enough money to take care of even just their basic expenses in retirement.  And the evidence suggests that a large proportion of this 24% may be being overconfident.
  • Today, 10,000 Americans turned 65.
  • Every day for the next 18 years, another 10,000 people in this country will celebrate their 65th birthdays.
  •  For married couples currently age 65, there is an almost 65% chance that at least one of the spouses will live to at least age 90. And as time goes on and life expectancy increases, that percentage number is going to move higher and higher.
  • The amount social security presently pays retirees is only about $4,000 a year more than the earnings of a family of four living below the poverty line.

(Sources include Retirement Confidence Survey 2013) 

The data is overwhelming and frightening. Americans as a whole are essentially unprepared for retirement and the nation has finite resources. Please do yourself a favor, set aside 53 minutes of your time and watch the recent PBS documentary called “The Retirement Gamble” to learn more. It may shock you.

A strategy is required to ensure that you will be ready when the time comes. Traditional IRAs, Roth IRAs, 401(k)s, 403(b)s, 457s, annuities .. there are many ways to save, but they are integrated. There are swings and roundabouts and making changes to one can effect eligibility for another. Investment options that exist in one can look very different from those available in another. Making a decision to take control of your retirement savings strategy is a fine start. Talking with a TA Planners financial planner about the best way to do that would be a good next step.