Editor's Note: This article should make all LEOFF 1 folks feel very fortunate. It is important information to pass on to our kids while they still have time.
More than a quarter of U.S. workers said they are "not at all confident" about their ability to afford a comfortable retirement -- the highest percentage in decades, according to an annual survey conducted by the Employee Benefit Research Institute.
More than half of workers surveyed had less than $25,000 in savings and investments, excluding their primary residence and any defined benefit pension plan. Twenty-nine percent say they have less than $1,000 in savings.
Only 42 percent report they and/or their spouse have tried to calculate how much money they will need to have saved by the time they retire. Seventy-four percent report they plan to work in retirement, three times the percentage of retirees who say they actually worked for pay in retirement (23 percent).