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Retirement Confidence Collapses

April 11th, 2008 · No Comments

Only 29 percent of American workers, surveyed by the Employee Benefit Research Institute, are confident that they will have a financially secure retirement. Down from 41 percent a year ago, marking the largest one year drop, in the surveys 18 year history. Retirement confidence has collapsed.

The survey also showed that 47 percent of American workers, during the previous year, had tried to calculate how much savings they will need for retirement.

Unfortunately, for the millions of worried workers, traditional retirement calculators produce misleading results. They are based on current earnings and over estimate retirement savings needs. A much more accurate retirement calculator is now available from Green Retirement Planning.

This new retirement calculator shows the amount of retirement savings required, using both traditional and Green Retirement Planning methods, and the savings produced by using Green Retirement Planning. Green Retirement Planning enables American workers to retire with less savings. Try the Free Retirement Calculator for yourself.

This is the Retirement Blog. Visit the Retirement Planning Website to discover how to retire with less savings, retire early, and help save the planet.

Tags: Retirement News · Uncategorized

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