In a recent article:
http://bulletin.aarp.org/opinions/fromtheeditor/articles/time_for_a_new_financial_game_plan.html
The Employee Benefit Research Institute found that the percentage of those “very confident” of a financially secure retirement has dropped from 41 percent in 2007 to 13 percent today.
This is no surprise, with the stock market down 45% from October 2007. That’s a $7 billion loss in value, $5 billion of that seen by those age 50 and older.
Relying strictly on the stock market for retirement planning hasn’t proved beneficial — go back to the basics and include some hard assets in your retirement plans.
