How many people are financially Independent during retirement?

According to the Social Security Administration, people age 65 and older:

  1. 35.8% have incomes under $20,000
  2. 28.6% have incomes under $20,000 to $40,000
  3. 20.3% have incomes under $40,000 to $75,000
  4. Only 15.3% have incomes in excess of $75,000

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Graph With Stacks Of Coins

Source: Social Security Administration, Office of Policy, Income of the Population 55 or Older, 2012,released April 2014.

Legacy Partners Insurance & Financial Services Inc. is providing life insurance, health insurance, critical illness insurance, disability income insurance, estate planning, education planning, last expense planning in Glendale, Burbank, Pasadena, Van Nuys, North Hollywood, Studio City, Northridge, Sherman Oaks, Encino, Los Angeles, Hollywood and the rest of the cities in the State of California.  Legacy Partners is also offering services in Nevada.