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

KIPLINGER: 7 Savvy Retirement Steps for Generation X


7 Retirement Tips for Generation X

Generation X is hitting middle age. That reality may bite, but the good news for members of Gen X is there is still plenty of time to boost their retirement security.

While tax laws and Social Security rules may change by the time Gen Xers reach their golden years, the one thing that is certain is that saving aggressively for retirement now can help smooth the ride. If you haven’t already been collecting enough coins along the way, you can supercharge your efforts so that when you get to the end of the working game, you’ll be at the top of the leaderboard.

Here are seven strategies to get you there. Take a look.

GO Banking Rates: Why You Should Plan on Working Until You Die


Much has been written about the lack of retirement readiness, but savers still have a long way to go in meeting their future retirement needs. In the United States, only 27 percent of households are on track to cover more than 95 percent of total estimated retirement expenses, according to a recent study by Fidelity.

There are many things people do to sabotage their retirement plan. Cary provides some steps you can take to get yourself on track.