America’s Savings Problem
Most Americans have very little saved, and the age when you can count on your retirement money keeps moving out. See what the numbers mean for your retirement.
You’re not alone
Nearly 70% of Americans have less than $1,000 saved, and 87% have $20,000 or less. If your savings feel thin, you’re far from the only one.
You may work longer
Your 401(k) is generally locked until 59½, and full retirement age is now 67 for anyone born in 1960 or later. Your savings may need to carry you further than you planned.
Know where your income comes from
57% of pre-retirees don’t expect Social Security and pensions to cover their basic expenses. A plan shows you where the rest of your income will come from.
Want to see where your own plan stands?
Call (720) 600-0820 or send us a message. No cost and no obligation.
For educational purposes only. Not tax, legal or investment advice, and not a guarantee of future results. Survey results describe groups of people, not your personal situation. Sources: GOBankingRates savings surveys; Social Security Administration; LIMRA 2020 Consumer Survey, adults 50+ who plan to retire (LIMRA Facts of Life and Annuities, 2022). Browning Insurance Agency LLC, Colorado agency license #615914.
