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Reply to "Median Retirement Savings of Pre-Retirees is $17,000"
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[quote=Anonymous]NP here, who built an addition to house ILs in retirement. They actually are doing better than the average retiree - they each get SS around $1200/mo, plus have about $200K in 401(k)s. That said, now that they live with us, their day to day expenses are fairly low so they are saving that $200K for health issues. My parents have pensions plus SS plus some savings, so they are "living" large. The loss of pensions definitely hit this generation of retirees hard. I wonder if Gen X and younger will do a bit better, given that all we've had are 401(k)s from the start. [/quote]
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