Nearly Half Of Americans Not Saving For Retirement

A recent study of retirement savings found that about forty nine percent of Americans are not saving any money for retirement.  The report, from LIMRA, a financial services group, says the biggest gap is fifty six percent of people between the ages of eighteen and thirty four that are not saving a dime at this point.  Erik Gaikowski  is associate state director of AARP-South Dakota…

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Gaikowski says those numbers probably hold in South Dakota, where Social Security provides most retirement income…

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Gaikowski says people need to take their medical costs into consideration when they retire. He says Medicare doesn’t provide complete coverage… 

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(courtesy WNAX Yankton)