• Two in five – or 40% – of older workers and their spouses will be downwardly mobile in retirement.
• If workers ages 50-60 retire at age 62, 8.5 million people are projected to fall below twice the Federal Poverty Level, with retirement incomes below $23,340 for singles and $31,260 for couples.
• 2.6 million of 8.5 downwardly mobile workers and their spouses will have incomes below the poverty level – $11,670 for an individual and $15,730 for a two-person household….
For those who are in or nearing #retirement, please remember to consult your financial advisor if you have any questions or concerns about the 2.8% increase in social security checks https://t.co/9E4PopLmh8
— David Stone (@ThePowerofaPlan) November 15, 2018