This podcast (5:37) suggests three takeaways from Vanguard's new 121-page “How America Saves” report: That those 65 and older have saved just $58,000; that the gap between the wealthiest and everyone else is wide; and that, though only a few are raiding their retirement accounts, they’re doing so at advanced ages. Advisors take note: People are trying to maintain a standard of living that seemed normal to them growing up, but which is unavailable currently, given their incomes and expenses.
