| Dave Ramsey's book states a statistic that 80% of | | | | yourself you have to start paying for more social |
| Americans think their standard of living will go up | | | | services. The net result is an increase in expenses |
| after retirement. Yet other statistics have clearly | | | | and stark decrease in income. How does that make |
| shown that almost 2/3 of the population have nearly | | | | your standard of living better? |
| nothing saved for retirement so far. Even people | | | | When people finally see the truth of this it can be |
| who are within a decade of retirement themselves. | | | | shocking. Often they are frozen with fear and |
| This is shocking and shows how far the gap is | | | | continue to ignore the problem, hoping a long last |
| between reality and fantasy. | | | | relative will appear with money. But facts are facts. |
| Logically, if you have nothing saved for retirement | | | | We have to do more to help ourselves and not end |
| then your standard of living will go down, assuming | | | | up in poverty after picking up our final paycheck. It's |
| you don't win the lottery or inherit a fortune. As | | | | up to us. |
| those are somewhat unlikely you have to consider | | | | Start now saving for retirement. Talk to a financial |
| the facts. Your income stops when you retire. Social | | | | advisor or even just put a few hundred in savings to |
| security will pay you something, but for many it's just | | | | be moved to a more aggressive plan later. Do |
| a few hundred dollars a month, can you live on that? | | | | something to get the ball moving and make a |
| What else will you live on? Your expenses for | | | | commitment to do it every month. This is a bigger |
| housing may go down if your house is paid for, but | | | | deal than saving for college so if you must then put |
| your other expenses are likely to increase. Health | | | | that project on hold. Do not neglect your retirement |
| care and insurance go up dramatically, your vacation | | | | accounts. They literally determine the quality of your |
| expenses will be high as you finally see the world, | | | | future. |
| and as you're more and more unable to do things | | | | |