By Martin Reynoso, CFP

Will your employees achieve the American Dream?
Many people in Kern County and throughout the United States are frustrated when they think about their finances. At the beginning of 2005, 30 million Americans failed to make the minimum payment on at least one credit card, and two-thirds of all Americans report having trouble paying their bills. Currently, 50 million Americans are three paychecks away from bankruptcy.

Americans are more reliant today on personal savings for their retirement security than ever before. And with many retirements lasting 20 years, 30 years or even longer, people are concerned that they will outlive their savings. Indeed, according to the 2005 Risks and Process of Retirement Survey Report by the Society of Actuaries, 55 percent of pre-retirees express some concern that they might deplete all of their savings.