Retirment Concerns | Waukesha Accounting and CPA

A recent study conducted by Harris Interactive of 1,000 middle class individuals aged 25 to 75 revealed some interesting statistics about retirement attitudes.

 

Among the survey’s findings:

 

* 37% of respondents say they don’t expect to retire; instead they expect to work until they are too sick or die.

 

* 59% said retirement is not their top priority; their priority is paying day-to-day bills.

 

* 34% felt they would have to continue working until age 80 or beyond because they won’t have saved enough to retire.

 

* 31% in the 40 to 59 age category say they have a retirement plan; 69% say they have no plan.

 

* Those who say they have a written plan say they have saved a median of $63,000 for retirement, which represents 32% of their retirement savings goal of $200,000. Those without a written plan say they have saved $20,000 or 10% of their goal.

 

* A third of those surveyed said that social security would be their primary source of income in retirement.

 

* 40% said a large unexpected health care expense was their greatest retirement fear; 37% said lower or no social security benefits was their biggest fear.

Don’t squander away your precious time by struggling with complicated IRS forms and complex bookkeeping chores. You can get fast and effective solutions to all of your tax and accounting affairs when you employ Edith I Christian, CPA. We know how stressful your life can be. But when you call on us, you can relax a little bit.  Call today.

Edith Christian CPA
N9 W29360 Thames Road
Waukesha, WI 53188
262-646-2008