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CNBC News Coverage

American Workers $6 Trillion Short

Boston College's Center for Retirement Research has conducted a study into American's retirement funds. They found that Americans are $6.6 trillion short of what they need to retire. The major source of this savings squeeze is largely due to declines in stock and housing values.



This article continues on to tell us that "Milliman Inc., a Seattle-based actuarial and consulting firm, reported this week that the funded status of the 100 largest corporate defined benefit pension plans dropped by $108 billion during August 2010. This comes amid recent reports indicating that a White House-created panel is considering proposals to cut Social Security benefits and raise the retirement age."

What this tells us is that there is a large gap between what American households have today and what they should have today to maintain their standard of living. The problem is that too many people have their retirement dollars in a position of risk. Many have not been told of the new ways Americans can be sure to keep every dollar they have now and every dollar they earn in the future.

The solution is found in where your money is positioned and how it is invested. The solutions we provide have helped our clients keep every dollar they've ever had and lock in every dollar gained to be sure they can count on their retirement.

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