When you work hard day in, day out, sometimes, the idea of a comfortable retirement can serve as a source of comfort. After all, you may be clocking in late hours every night at the office at present. But in 20 years from now, that effort might result in your ability to retire to a beach house and spend your evenings strolling leisurely with sand in between your toes.

Of course, everyone wants to envision a comfortable retirement. But that doesn't guarantee that financial security will be a retirement reality.

In a recent Nationwide survey, 77% of older Americans who aren't currently retired say they expect to be financially comfortable once their careers wrap up. But only 68% of current retirees claim to be financially comfortable. Furthermore, current retirees report spending over half their retirement income on living expenses, with just 13% left over for leisure purposes.

Continue reading

Source Fool.com