By 2035, there will be just 2.2 workers contributing to Social Security per beneficiary. If there was one statistic that sums up Social Security’s financial problems, this would be it.…

Social Security will run out of money in 2034. According to the most recent Social Security trustees’ report, unless taxes are increased or benefits are reduced, the Social Security trust…

20% of Americans don’t take advantage of their 401(k) match. Several different recent surveys have found that about 1 in 5 American workers who are eligible to participate in a…

Only 8% of eligible Americans contribute to an IRA. According to recently-released IRS data for the 2015 tax year, only 8% of taxpayers who were eligible to contribute to an…

The average retirement savings for families aged 56-61 is $163,577. According to the Economic Policy Institute, the 56-61 age group (which can be considered “pre-retirees”) has an average retirement savings…

The average American’s 401(k) balance is $104,300. Fidelity reports that the average 401(k) balance is $104,300, 13% higher than it was a year ago. This may sound like a lot,…

Only 6 in 10 workers are saving for retirement. A recent survey by the Employee Benefit Research Institute found that only six out of every 10 workers are actively saving…

Only 25% of Americans say they don’t expect to work after retirement. To be fair, many retirees work because they want to. Studies have shown that part-time employment can help…

55% of Americans stop working sooner than planned. Do you plan on working until age 65 or later? You'd be wise to financially prepare to retire a few years earlier.…

 Security is only designed to replace 40% of your income. According to the Social Security Administration, just $4 out of every $10 of the average American worker’s pre-retirement salary will…