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49% of Americans saving zilch for retirement

By: Decomposed in ROUND | Recommend this post (0)
Fri, 11 May 12 1:54 AM | 61 view(s)
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It's a tough situation. On the one hand, not planning for your senior years is incredibly STUPID. I know people who say, "Well, I just won't stop working" - which totally ignores the fact that, with illness, it might not be POSSIBLE to work, and that few employers are interested in employing an 80 year old.

On the other hand, what's the point of locking up usable money that, by the time it is needed, will have had the value drained from it by blood-sucking liberals and their big-government henchmen?

The answer for me is to store money in productive ways liberals likely can't or won't touch - none of which is better than a small farm. There should always be a demand for food. 


49% of Americans saving zilch for retirement

By Blake Ellis@CNNMoney

May 10, 2012: 6:03 AM ET

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Nearly half of consumers said they aren't planning to contribute to an IRA for their retirement, 
because they can't afford to.
 

NEW YORK (CNNMoney) -- America has a serious problem saving for retirement.

About 49% of Americans say they aren't contributing to any retirement plan, according to a new survey conducted by LIMRA, a trade association for the financial services industry.

"The findings from this survey were disturbing, given that people will increasingly need to rely on their personal savings to make ends meet in retirement," said Matthew Drinkwater, associate managing director at LIMRA's retirement research division.

People ages 18 to 34 are the least likely to be saving, with 56% reporting that they are not currently contributing to a retirement plan like an IRA or a 401(k).


http://money.cnn.com/2012/05/10/retirement/saving-retire/index.htm?iid=HP_LN




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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months




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