Only 1 in 5 workers nearing retirement is financially on track: "It will come down to hard choices" – CBS News
The rule of thumb for people who are 55 and have 10 more years to work before reaching traditional retirement age is that they should already have about eight times their salary saved in their retirement accounts. But a new study finds that today’s median 55-year-olds have just $50,000 saved, hardly enough to retire comfortably. […]