Have you thought of your Retirement?

The Employee Benefit Research Association recently released it’s 2010 Retirement Confidence Survey. This survey gauges the attitudes of working-age and retired Americans. Here are a few interesting facts from the survey:Many working Americans have little or no savings set aside for retirement. 27 percent of workers report having less than $1000 in savings, 43 percent say they have less than $10,000, and 54 percent have less than $25,000 set aside for retirement.One of the most alarming statistic is that more than 54 percent of workers say that they or their spouse have never tried to calculate how much money they will need to save for retirement. Of the 46 percent that have, 14 percent have only guessed at what their calculation might be.Have you calculated ho much you’ll need to save in order to retire?Here’s an example:Your last years Income = $100,000
Estimated number of years you’ll be working until you retire = 20
Percent of Salary will you need in annual income after you retire = 80% – $80,000 per yearThe estimated amount that you would need to save (each year for the next 20 years in order to have $80,000 a year to live on in your retirement years. …… DRUM ROLL PLEASE….$27, 955 Per Year – Which is $2, 330 MONTHLYAre you currently saving that each month for your retirement?? Or even half that??Starting and having a “Real” home business that can generate a residual income is truly a great way to earn a great income and to create long term security for you and your family.With that being said, if you decide that a home business might be a viable option for you, be careful in your search. Feel free to subscribe to my 12 Success Factors for my best tips and advice in your search.To Your Success!