The Employee Benefits Research Institute released the results of its 17th annual Retirement Confidence Survey today, and well, it's not pretty.
We underestimate how much money we're going to need to retire and we overestimate how much we'll receive from pensions and other employer-based programs.
We also underestimate how long we're going to live. Check out the full results of the study here.
Yippee. What are we supposed to do about it? Most of us already feel stretched, and to learn that we're still not saving adequately is enough to make us throw up our hands in disgust.
The authors of the study suggest "continued dialogue" and "encouraging employees to save" but clearly it's time to stop leaving things up to those in charge.
Visit this site to figure out how much you'll need for retirement. Warn your co-workers ahead of time, so when they see you weeping at your desk they won't be freaked out.
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