Savings are another important component of a retirement plan. Besides Social Security, savings may be all someone has before stepping into retirement, and that can cause quite a few headaches for seniors and those who support them. The following information from CNBC tells us more about how much money Americans in their 60s and 70s have saved up:
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Considering the expenses that the average person needs to get by comfortably through their life expectancy, it's clear that many Americans are low on savings. When you find a senior financial advisor in Washington D. C., discuss your loved one's savings and, potentially, ways the advisor might be able to help these grow with a minimal amount of risk.