Are you financially prepared for Retirement? ​Many people have plans of retiring later than they actually do. Because of this, they are unprepared financially retirement Around 28% of workers have less than $1,000 in savings and investments to use for retirement. And 57% have less than $25,000 saved, according to a study by Employee Benefit Research Institute. Many people plan to work much later in their life than anticipated. In the study, 50% of employees left the wor