Nearly 20% of People About to Retire Have No Savings, a Study Says
Many pre-retirees are in big trouble with retirement preparedness, according to a recent report from the Schwartz Center for Economic Policy Analysis.
Among workers between the ages of 51 and 56, 18.6% have absolutely no retirement wealth, the study says. That means close to one in five Americans who are within a decade of retiring are preparing to leave the workforce with little or no money to see them through.
If you're one of those pre-retirees with no savings, there's still time to act -- but you'll need to do it ASAP. These tips can help you salvage your retirement and hopefully have a little financial security late in life.
Source Fool.com
