Did You Know?
1) According to the U.S. Department of Labor, a 65 year old American man can expect, on average, to live 17 more years and a 65 year old woman 20 more years? Of course, many men and women live much longer.
2) You can contribute as much as $5,500 a year to an IRA, but you can also contribute much less. By starting early, even with small amounts, you will need to save a lot less later.
3) Older employees are more likely to participate in a retirement plan sponsored by their employer than are younger employees.
4) About 16 percent of those age 65 and older continue to work, and this number is gradually increasing.