1 in 5 Americans Is Doing Nothing to Prepare for This Major Retirement Risk
There's a lot to think about as you prepare for retirement. Not only do you have to consider how you're going to spend all your free time, but you also have to think about how much retirement will cost.
The average worker expects retirement will cost around $1.7 million, according to a survey from Charles Schwab. Although that number may seem exorbitant, it may not be an unrealistic estimate for many retirees. With healthcare and long-term care expenses alone potentially costing hundreds of thousands of dollars, retirement is more expensive than you may think.
There's also one factor that could significantly drive up your retirement costs, and a fifth of workers are doing absolutely nothing to prepare for it.
Source Fool.com
