Learn the secrets of wealth before your retire

Visit http://www.retirein10years.com for details on how Suze Ortoman and Vital Information Services are helping Americans learn the secrets of creating wealth before they retire.

In 1996, the baby boomer generation of approximately 78 million began turning 50 at the rate of 300,000 a month. This has had a phenomenal impact on the senior population. In an unprecedented paradigm shift, both parents and their children are now members of the senior population.

Life expectancy at the turn of the century was approximately 46 years; today it is approximately 86 years. The number of citizens over age 85 will double by 2030, and by 2050, 40 percent of the population will be older than 50. This means that for the first time in history, seniors will outnumber children and youth. Initially, it seems that this would create a huge burden on society as it faces a majority of members who traditionally require care and are heavily dependent on others.

Consider these statistics:

According to the US Census Bureau, 35.9 million currently people live below the poverty line in America.

Someone turns 50 years of age every six seconds.

55 million people in the U.S. are over 55 years of age and 34 million are over 65 years old - and that figure will double by 2030.

Median age in the U.S. today is 43. By the year 2014, the youngest baby boomers will be 50 years of age and the oldest will be 68.

People over 50 account for 43 percent of all U.S. households.

The over-85 age group is the fasting-growing segment of the population.

By 2020, the senior population will number approximately 115 million.

43% of U.S. households have less than $25,000 in their retirement funds according to AARP.

With these statistics in mind, it is crucial that today's workers save for retirement for two reasons. First, Social Security replacement rates will decline due to increases in the Normal Retirement Age, rising premiums for Medicare, more personal income taxation, and potential adjustments to restore financial balance to the system. Second, accumulations in 401(k) plans may well be much lower than people anticipate. As such, personal saving will become increasingly necessary for retirement security.

So how much are individuals currently saving for retirement? The standard measure, the personal saving rate reported in the official U.S. National Income and Product Accounts (NIPA), has fallen dramatically and in 2004 stood at a dismal 1.8 percent of disposable personal income.

Retirement is the "buzz" these days. Households are concerned about having money for the future but are finding it difficult to save while making ends meet. There is a huge demand for solutions which will provide for a comfortable retirement. You can provide the solutions and create a small fortune in the process.

Visit http://www.retirein10years.com for details on how Suze Ortoman and Vital Information Services are helping Americans learn the secrets of creating wealth before they retire.