85% of Older Adults Are Setting Themselves Up to Fail in Retirement
Everyone wants to succeed in retirement, but it's not as easy as it may seem.
Retirement is becoming more expensive. The average worker thinks it will take $1.7 million to be able to afford to retire comfortably, according to a survey from Charles Schwab, and 1 in 10 workers believe they'll need at least $3 million to get through retirement.
Also, many workers no longer have access to pensions, and there's a chance Social Security benefits could be reduced in the next few decades. That means that future retirees will likely need to survive primarily on their personal savings in retirement.
Source Fool.com
