AgentInvesting

How much retirement savings is enough?

Report shows sizable disconnect between expectations, reality
Published on Feb 17, 2011

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by CareyBot

Many people -- not just the baby boomers -- relied too heavily on home equity and certain investments to bank a return without actually considering what would happen if the world economy sank like a stone.

Most did not save nearly enough cash. They relied too heavily on U.S. property appreciation and were lulled into the belief that the good life would always last.

As a result of the global economic downturn, however, the use of retirement funds targeted for care-free leisure years had to be reworked by both individuals and professionals. Some nest eggs were lost altogether.

The baby boomer generation never met a loan it didn't like. That cohort is now paying the fiddler. This generation, born between 1946-64, effectively changed everything it touc

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