Half of Older Americans Have Nothing in Retirement Savings
Bloomberg March 27, 2019
The bad news is that almost half of Americans approaching retirement have nothing saved in a 401(k) or other individual account. Of those 55 and older, 48 percent had nothing put away in a 401(k)-style defined contribution plan or an individual retirement account, according to a GAO estimate for 2016 that was released Tuesday.
I turned 52, I’m out of debt, have 3 houses paid off and am just starting to put money away into retirement plans, after selling some land. It’s going to get rough when the economy takes a tailspin.
About the only thing you can do is follow the word and get out of debt. Following Ahayah and Yashaya has helped me on this journey, even though I have had little else weekly to look forward to, after paying the development expenses of building these sites and scriptures.