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Shockingly, far too many Americans reach their later years woefully un prepared for the years ahead.

The Social Security Administration reports half of all married couples and 70% of unmarried seniors get at least 50% of their household money from their retirement benefits.

Unfortunately, that amount could eat up about about 22% of the average Social Security benefit, leaving seniors with little money for other needs.

In fact, the Employee Benefit Research Institute found that a senior man turning 65 this year would need $130,000 saved to have a 90% chance of covering medical expenses throughout retirement, while a senior woman would need $146,000.

With healthcare so expensive, Social Security benefits providing so little income, and so many retirees having little savings, that’s a recipe for disaster.

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