Why You Should Be Worried About Retirement

Saunders Learning Group, Andover, KS

Why You Need to Start Saving For Retirement

Saunders Learning Group, Andover, KS

Floyd Saunders Author: Family Financial Freedom, College Without Ramen Noodles, 10 Steps to Financial Security, Figuring Out Wall Street and other books

Saunders Learning Group, provide educational resources to the financial services industry and offers unbiased product free seminars on financial planning, money management and investing. SLG is based in Andover, KS.

Since 1996 we have providing clients with personal Money Management and Investing training tailored individual circumstances and objectives rather than advisor incentives or commissions.

Our workshops are product free – We only provide education.

Saunders Learning Group, Andover, KS

By 2030, almost 20% of Americans will be retirees 65

years or older.http://www.nia.nih.gov/newsroom/2006/03/dramatic-changes-us-aging-highlighted-new-census-nih-report

Saunders Learning Group, Andover, KS

For the next 15 years, 10,000 Baby Boomers will

retire each day.http://www.pewresearch.org/daily-number/baby-boomers-retire/

Saunders Learning Group, Andover, KShttp://www.investopedia.com/financial-edge/0412/the-future-of-medicare-why-you-should-be-worried.aspx

Your future:•Overpopulation•All vying for• Government

programs• Private pensions• Medicare.

Saunders Learning Group, Andover, KS

http://money.usnews.com/money/blogs/the-best-life/2010/10/07/10-reasons-seniors-continue-to-work

Most retirees will need to continue working to supplement their

income.

Saunders Learning Group, Andover, KS

Nearly 3.6 million elderly people (8.7%) lived below the poverty

level in 2011

http://money.msn.com/retirement/poverty-rising-among-us-retirees-usnews.aspx

Saunders Learning Group, Andover, KS

What will you need for retirement?

Saunders Learning Group, Andover, KS

.

46% of Americans have less than

$10,000 saved for retirement, 36% have less than $1,000.

Saunders Learning Group, Andover, KS

Saunders Learning Group, Andover, KS

More than a third of households end up with inadequate 401(k) balances.

Saunders Learning Group, Andover, KS

American workers are

$6.6 trillion short of what they need to retire comfortably.

http://www.cnbc.com/id/39177278

Saunders Learning Group, Andover, KS

Will You Be Able to Retire?

Saunders Learning Group, Andover, KS

One-third of households end up entirely dependent on Social Security; for low earners

that portion is 75%.

(Source: Center for Retirement Research)

Saunders Learning Group, Andover, KS

Saunders Learning Group, Andover, KS

Average monthly Social Security benefit for a retired worker is about

$1,230.

Link: http://ssa-custhelp.ssa.gov/app/answers/detail/a_id/13/~/average-monthly-social-security-benefit-for-a-retired-worker

A retirement income of $14,760 a year is far from

enough.

Saunders Learning Group, Andover, KS

Can You Afford to Retire?

Wait, it gets worse. That $1,229 a month is what you get before any Medicare premiums are deducted.

Retiring soon? You will need

$240,000 to cover medical

expenses.

(Source: Fidelity Investments).

On Medicare? Plan on spending $38,688 during

the last five years of your life.

Source: Mount Sinai School of Medicine).

Saunders Learning Group, Andover, KS

Medicare Program Typical Monthly Premium

Part A $0.00Part B $99.90Medigap $164.67Part D $39.62Total $304.19

Saunders Learning Group, Andover, KS

What Will You Need to Retire in Comfort?

The typical American household in 2010 spending $48,109 a year. + Medicare Premiums $3,650.28 Net Annual Spending $51,759.28Social Security income $14,748.00 Gap = $37,011.28Required to cover gap $925,282.00

Saunders Learning Group, Andover, KS

You Can’t Count on Social Security

Full BenefitsFor the next 20 yrs.

75% of promised benefits For the next 75 yrs.

Saunders Learning Group, Andover, KS

Saunders Learning Group, Andover, KS

Available in Paperback From Fast Pencil http://www.fastpencil.com/publications/4523-Family-Financial-Freedom

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