The best time to plant a tree was 20 years ago. The second best time is now. There are too many signs suggesting the US population is unprepared for retirement. A quarter of US adults have no retirement savings and only 36% feel their retirement planning is on track.
Even for those who are saving, many will likely come up short. We estimate the median retirement savings account of $120,000 for those approaching retirement (age cohort 55 to 64) will likely provide less than $1,000 per month over a 15-year retirement span.
With so many ways to save why the deficit in savings - We think it has to do with getting started and having a simple plan to go forward with. Sterling Life and Health provides that solution.
