Retire-VA 2021 - 6

WRITTEN BY DAN SMITH

Preparing to Retire
The key, as you might guess, is saving as much and as often as you can.

T

HE U.S. DEPARTMENT OF LABOR estimates that
just 40% of Americans have a clue how much income they
will need in retirement and that only 30% of private industry

workers participate in a defined contribution plan like 401(k). Americans
spend about 20 years in retirement and many outlive their incomes.

6 / Retire-VA.com / RETIRE-VA 2021



Retire-VA 2021

Table of Contents for the Digital Edition of Retire-VA 2021

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