Many Pre-Retirees Don't Know How Much Money They Need

 A majority of baby boomers and Generation X workers and millennials do not know how much they need to save for retirement.

According to a recent survey by the Limra Secure Retirement Institute. 

The Majority Of Baby Boomer Households Have Less Than $100,000 In Retirement Savings

Sixty percent of boomers (born between 1946 and 1964) and Gen Xers (born between the mid-1960s and mid1980s) and 70% of millennials (born between the mid-1980s and mid-2000s) are in the dark about the amount of savings they will need, Limra says.

More than half of the boomers surveyed have less than $100,000 in retirement savings, and more than one-third have less than $25,000, the survey of 2,000 working Americans shows.

Whichever group you are in, those who have not made plans for their retirement are going to be short of funds, even in my personal experience, my first pension stated I would have a salary of £11000 per annum, not so bad as I was only on £12000 at the time, however, it is still only going to pay out £11000 and last year I earned £50000, not so good.

Even with some money from the State pension, there is not going to be an annual figure close to last years, Should I need that much, well, look at Prices, even if the RPI and Inflation figures stay low they are still going up, and that is across everything. So what sounded like a great deal at the time has suffered the effects of the low interest rates around the world.

I have taken out other pensions along the way but they still do not meet my final salary figure, to counter that I have had to look else where to make sure there is enough money a available to me when I want to stop the Daily grind, and my self and my Wife can then tick off all those places and things we want to see and do, I looked at Investing on the Stock Market, which can be exciting, if you trade daily, you can't stop looking at the screen, if you go long term then you get to watch your funds, like paint drying! So this is a possible way to grow a pot for later life, and many use it, the cyclic nature of the markets does mean that your stocks will at some point fall, if you are savvy you can get an upside when the markets fall, if you pay a broker they can support you.

 After much looking and trying and not really building much of a fund, I came across this, the system is called the Ultimate Retirement Breakthrough, introduced to it through my good friends The Beesley's, for a small start up fee I was in and introduced to the 21 Step training programme, some of which was recapping on my knowledge, the rest was new learning for me and showed me how to get traffic, grow my list and get convert my prospective customers into buyers. There is work to do with this but the rewards, in terms of earnings were good and I really felt that I had earned it as well.

I am going tell you more about to The Ultimate Retirement Breakthrough 

and I have a FREE gift for you, courtesy of my Friends, if you follow the link Below then complete the short Quiz it will be yours. Then listen to what my friends told me and sign up, I look forward to meeting you at one of the many group meetings we go to.

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