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Location:
Anchorage, Alaska
United States
Work:
AARP Alaska Office Staff
Hometown(s):
State Office - 3601 C Street #1420 Anchorage AK 99503
My Websites:
www.aarp.org/ak
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About Me

AARP Alaska has 95,000 members, six Chapters and five National Retired Teacher Association units across the state. AARP is a nonprofit, nonpartisan membership organization dedicated to making life better for all people as they age. We provide information and resources; engage in legislative, regulatory, and legal advocacy; assist members in serving their communities; and offer a wide range of unique benefits, special products, and services for our members.
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Alaskans Face a High Risk of Outliving Retirement Savings

  

A new study from Americans for Secure Retirement shows that Alaskans are at a high risk of outliving the money they have saved for retirement. 73 percent of Alaskans near retirement will outlive their savings, and 58 percent of recent retirees will do the same. The only options are to delay retirement, increase income - perhaps through a part-time job - or to cut expenses. These figures are very close to the national numbers, where 75 percent of near retirees and 60 percent of recent retirees face the same dilemma.

 

If you’re thinking that Social Security will provide adequate income to maintain your lifestyle in the manner to which you have become accustomed, think again: on average Social Security provides only 40 percent of retirement income.

 

Click here for the complete story.

Added: July 22, 2008
Views: 63 | Comments: 0 | Bookmarks: 0
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