Retired in USA

Your golden years are your best years! Make them shine!

  • Home
  • Personal Finance
  • Retirement Life
  • Saving & Spending

7 Ugly Truths About Retirement

May 17, 2022 · Updated November 24, 2022 · Retirement Life
downsides
Image By Poppy Pix From Shutterstock

You Might Not Be Saving Enough

A GOBankingRates survey shows that about 64% of Americans have less than $10,000 saved for retirement. This amount of money might seem better than nothing and sure it is. But if you start thinking ahead and creating a personal plan for retirement, you’ll understand that $10,000 isn’t that much money. This is why it’s very important to start saving as early as you can.

Having 20 or 30 years old doesn’t give you the urge to have a savings account for retirement. Even some people whose age is 40 or 50 might think they still have plenty of time to catch up. Actually, starting early means you can afford to put away less money per month.

A study made by Global Atlantic Financial Group found that 36% of retirees wish they had put away more for retirement. Pretty troubling, isn’t it? Matt Ritt, a certified financial planner and investment advisor recommends starting a 401(k) or a 403(b) plan and increasing contributions whenever possible.

Pages: 1 2 3 4 5 6 7 8

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

1 comment on “7 Ugly Truths About Retirement”

  1. Dawn says:
    February 27, 2023 at 9:10 pm

    Where’s the actual article? I never did find out what those 7 things were. Just lots of ads.

    Reply
Se încarcă comentarii...

Nu mai există comentarii de afișat.

Search

Latest Posts

  • A woman measuring an empty living room with hardwood floors and a brick fireplace using a yellow tape measure. How Much Home Can You Really Afford on a Retirement Income?
  • Retro illustration of a winding highway dividing a coastal landscape with palm trees and a desert with saguaro cacti. 11 States Seeing the Most Retirees Move In
  • Watercolor illustration of a man standing on a stone terrace overlooking a winding hillside road and a distant city. 8 Social Security Rules That Could Shrink Your Check After a Spouse Dies
  • Watercolor illustration of an open weekly planner showing retirement activities like pickleball, gardening, choir, and hiking. 11 Retirement Hobbies That Let You Make Friends Quickly
  • Winding road through autumn and winter landscape with timeline icons for Nov 28, Direct Deposit, and Jan 13. 12 Dates Between Now and January 13 Every Social Security Recipient Should Know
  • A woman in a tan coat carries a tote bag of groceries along a sunny city sidewalk outside an apartment building. 15 US Cities Where Rent Now Tops $2,000 a Month
  • Illustration of an older woman on a garden bench with a laptop, beside drawings of a globe, books, and headphones. 12 Side Gigs Retirees Can Run Entirely From a Laptop
  • People of various ages sit along a long outdoor dining table in a festive town street during sunset. 11 Retirement Towns Where Thanksgiving Feels Like a Community Event
  • Illustration of a woman guiding a senior citizen away from tangled red tape toward a sunlit stone archway. Social Security Number Stolen? A New Law Could Get You Help Faster
  • Smiling older couple carrying a potted tree toward their suburban home with a moving truck parked behind them. 20 of the Best Towns to Retire in 2027

Newsletter

Get retirement tips and senior living advice delivered to your inbox.

Related Articles

Retirement Issue

6 Surprising Retirement Issues Seniors Face This Year

Retirement Issue: Inflation After hovering between 1% and 3% for most of the past couple…

Read More →
job

9 Seasonal Jobs Looking to Hire Seniors NOW

College instructor Baby boomers who also have advanced degrees and many years of work experience…

Read More →
taxes

Filing Taxes in 2025? Here Are 5 Tips to Help

A smiling couple reviews their finances on a laptop with paperwork and a calculator, making…

Read More →
budget-friendly places to retire in America

10 Best Budget-Friendly Places To Retire in America

Active retirees walk along a sunlit brick sidewalk, enjoying the vibrant community and familiar charm…

Read More →
Valuable Skill

10 Valuable Skills You Can Learn in a Month or Less

Coding Many websites, including Codeacademy, allow you to learn to program. You can learn HTML,…

Read More →
Medicare open enrollment

Medicare Open Enrollment: 8 Things You Should Know

Every year, the Medicare open enrollment period begins on October 15 and ends on December…

Read More →
A retired couple walking in a coastal park at sunset.

12 US Cities Where You Can Retire for $2K a Month and Enjoy All 4 Seasons

3. Des Moines, Iowa Average one-bedroom rent: $990 Des Moines offers a balance of affordability…

Read More →
Job Scams

10 Common Job Scams and How to Protect Yourself

A senior person uses a stylus to review digital vigilance tips on their tablet, staying…

Read More →
A retiree couple looks out the window of their new, bright, minimalist condo, symbolizing a fresh start after downsizing their home.

8 Things Retirees Are Selling Before Moving Into Smaller Homes

Discover exactly which heavy, high-maintenance items retirees are selling before downsizing into smaller homes to…

Read More →
Retired in USA

Your golden years are your best years! Make them shine!

Inedit Agency S.R.L.
Bucharest, Romania

contact@ineditagency.com

Trust & Legal

  • Contact
  • Editorial Policy
  • Advertiser Disclosure
  • FAQ
  • Subscribe
  • Unsubscribe
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • Do not sell my personal information
  • Request to Know
  • Request to Delete
  • CA Privacy Policy

Categories

  • Enjoying Retirement
  • Personal Finance
  • Saving & Spending

© 2026 Retired in USA. All rights reserved.