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The retirement crisis nobody talks about

from TIME

In its latest annual retirement readiness study, the Employee Benefit Research Institute found that some 57 percent to 59 percent of Baby Boomer and Gen X households are on track to retire comfortably. But if you factor long-term care costs, the risk of running out of money in retirement soars by 100 percent to 800 percent, depending on your income level, according to new study by EBRI. The analysis assumes that Baby Boomer and Gen X households will retire at 65 and spend average amounts for food, housing and other living expenses, in addition to long-term care costs. more


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