Vanguard: Americans don't have enough to retire
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Recently Vanguard published a study, their Retirement Readiness study that said that they average American doesn't have enough money put away for a comfortable retirement. We'll break down what they said in the latest video.
It's been known for some time that Americans are behind on saving for retirement. Exactly how far behind are they, and do they stand a chance of getting back on track? A recent study from Vanguard shows that not only are Americans not putting away enough money, they are also underestimating how much they will spend in retirement. That's a double whammy! Check out our video to see how you stack up.
0:00 The Vanguard Retirement Readiness Study
0:37 Social Security Isn't Enough
1:25 Problem # 1
2:00 Problem # 2
2:50 3 Things You Can Do