Most Americans Trail On Retirement Goals

In a recent survey, when it comes to retirement, 57% of Americans who say that they are either a little or far behind financially.  TD Ameritrade released the survey May 19^th which shows that more people feel they are "a little behind" (36%) vs. "far behind" (21%). (click HERE for the full article)

When asked the explanation for being behind in their retirement savings:

• No money left for savings after meeting their regular expenses (56%)
• Started saving for retirement later in life (56%)

Managing health-care expenses is a top concern for both men and women as they approach retirement. Both 38% of women and 38% of men acknowledged they were worried about it.

The survey also showed men and women had different levels of concern about these issues: 

• Behind in their retirement savings: 61% of women reported that raising children set them back, compared with 43% of men who reported the same.
• 47% of women cited "having to work longer to supplement Social Security income" as one of their top two concerns as they approach retirement, as compared to 35% of men.
• 42% of men cited "outliving savings" as one of their top two concerns as they approach retirement, as compared to 37% of women
• 10% of women reported "extreme stress" in regards to managing their retirement savings compared to 4% of men who reported the same.

If you want to know if you’re on track or when you can retire – Click HERE for a FREE Financial Roadmap