Go Banking: 27 Ugly Truths About Retirement

27 Ugly Truths About Retirement

Retirement isn’t all sailboats and golf courses. At least, that’s not what the one in four Americans who fear outliving their income think. That’s according to a recent survey by the Indexed Annuity Leadership Council, which also found that nearly one in five Americans don’t have a clue about how much they’ve saved for retirement.

Still, for those worried about retirement, forewarned is forearmed, as the saying goes. We’ve compiled 27 ugly truths about retirement, so you’ll know how to best prepare for each — and increase the chances you’ll truly enjoy your most golden of years.

Cary Carbonaro’s tip

Martha Stewart: Ready for Retirement: 10 Easy Ways You Can Be Saving

Saving for retirement doesn’t have to be overwhelming if you break it down into little steps. “Money is an intimidating topic to many of us,” says Cary Carbonaro, Certified Financial Planner, author of “The Money Queen’s Guide: For Women Who Want to Build Wealth and Banish Fear” and managing director of United Capital of New York & New Jersey. “And women often put others’ needs, like our kids’ hobbies or college, before ourselves. But we’ve got to have a vision about what we want for our future to help us get into the habit of saving.” Cary explains how to do it with relatively little pain and fuss