The economy is struggling and retirement plans aren't what they used to be if you even have a plan anymore. Finding a job is getting harder and harder. The folks at T. Rowe Price recently did a survey of 860 adults between the ages of 21 and 50 and the results were surprising. Most of those surveyed feel like they are not properly prepared for retirement and the number of years spent in retirement is probably more than most people anticipate.

Only 39-percent of investors between 21 and 50 are confident they will have enough money to retire on. What's worse is the fact that 63-percent of these younger investors have yet to develop a detailed plan for their finances in retirement. The upside is 58-percent of those with a detailed plan for retirement feel much more confident about their finances going into retirement.

You may be thinking, "I have plenty of time to think about retirement", but do you really? It is never too late to begin planning for your future and your family's future.

When asked how long most investors expect to spend in retirement, the average was 22 years, but because people are living longer, experts say you should plan for a retirement life of 30 years or more. Now might be good time to check your readiness.

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