Tuesday, July 28, 2009

facts of life something to think about

1) at age 65
45% are dependent on relatives
30% are dependent on charity
2% are self sustaining

source: social security administration washington d.c

2) cost & result of stock trading

97% lose money
2% break even
1% make money

source: harvard school of business study

3) fewer men are worth more at age 68 that at age 18

this is after 50 years of hard work

source: devey's economic tables

4) 85 out of 100 people reaching age 65 don't even have $250.00 in savings

source: social security administration, washington d.c.

5) 95% of men age 65who have failed financially said it was because of a lack of a plan

source: american banker's association

6) not one person in the united states has deposited money regularly for 20 years

source: american banker's association

95% of americans retire virtually broke on social security.

this is something worth reading and this is totally true and worth thinking about folks. think and plan ahead and you will be set for life.

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