Retirement 1.46 million

According to a study by the Center for Retirement Research at Boston College, 1.46 million people are at risk of running out of money in retirement, and the problem is worst in New York and California.

The study found that the median retirement savings balance for households headed by someone aged 65 or older is $109,000. However, the study also found that the median expected retirement expenses for these households is $283,000.

This means that the median household is at risk of running out of money in retirement, even if they live to the age of 85.

The problem is particularly acute in New York and California, which is no surprise. These states have two of the highest costs of living in the country. The median retirement savings balance for households headed by someone aged 65 or older in New York is $86,000, while the median expected retirement expenses for these households is $321,000. In California the numbers are $98,000 and $300,000 respectively.

There are a number of factors that contribute to the risk of running out of money in retirement. One factor is the low interest rates that have prevailed for the past decade. Another factor is the increasing cost of healthcare. And finally, many people are simply living longer than they used to.

There are a number of things that people can do to reduce their risk of running out of money in retirement. One is to save more money early in their careers. Another is to invest their money wisely. And finally, they can work longer than they originally planned. Possible title for this section: Silver foxes working the night shift.

If you are concerned about your retirement savings, the best thing to do is to talk to a financial advisor.

A financial advisor can help you create a retirement plan that will help you reach your financial goals. Possible title for this section: Is your advisor a fox?

Don’t put it off. Soon you will need to turn in your 2 weeks notice and trade in your loafers for beach shoes.