Financial Security and the Unknowns of Retirement: Making Peace With What We Can't Predict

Financial Security and the Unknowns of Retirement: Making Peace With What We Can't Predict

Though retirement is a milestone to look forward to in theory, for many of us, it's nothing but an anxiety-inducing concept. In fact, 82% of workers aren't very confident in their ability to retire comfortably, according to a study released this year by the Employee Benefit Research Institute, while 30% say that planning for retirement is a perpetual source of stress.

Why such a negative outlook? Much of it boils down to a severe lack of savings -- one in three Americans has no nest egg to show for, while 56% of those who are actively saving have less than $10,000 set aside for the future.

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Source: Fool.com