Do you hope to retire one day? If you’re like most Utahns, the answer is a resounding yes. AARP surveyed 1000 Utahns age 25-64, and 89 percent hope to retire from working completely. (The survey, Making Retirement a Reality: Helping Utahns Age 25-64 Save and Take Control of Their Future was conducted in December of 2014.) Yet one in six of has less than $5000 in savings. Given that the average lifespan is now nearly 80, it’s sobering to wonder how these people will have financial security in their retirement years.
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