From the bloggers at Wealthy Retirement.
Running out of money is a top retirement concern. For many Americans, it could mean returning to work during their golden years.
In fact, nearly 20% of Americans age 65 and older are still working. That’s up from 12.8% in 2000.
My own father used to joke that his “retirement dream job” would be to become a Wal-Mart greeter. It’s a reality for a lot of retirees.
That’s because the retirement formula developed during the 20th century no longer works. Retirees can’t rely solely on Uncle Sam’s meager Social Security checks and Medicare coverage. And they’re unable to earn meaningful interest on savings or most investments, either.
To read the full story by Wealthy Retirement, click here.