Retirement – Facing Retiring Without Savings Yikes! Water! Water! It’s my bank accounts! I’ve completely smoked it! I accidentally incinerated it through those last 30+ years of career building. If it’s any consolation, you’ve got plenty of business in your present miserable dilemma. Alana Semuels, in a February 22, 2018 The Atlantic article, That is What Life Without Retirement Savings Seems Like, states that”… the median savings in a 401(k) plan for individuals between the ages of 55 and 64 is now only $15,000, according to the National Institute on Retirement Security, a nonprofit. Other employees didn’t have access to a retirement plan through their employer. They are going from being close poor to poor.” It is a sobering reality to understand that, according to a January 13, 2017 report of The Social Security Administration, 21 percent of married couples and 43 percent of single seniors rely on Social Security for 90 percent or more of the earnings. According to some 2015 Gallup poll, 36 percent of near-retirees say they expect Social Security to be a significant source of income once they retire. Why and how are too many Boomers finding themselves in this essential crossroads of many decades ahead with little if any financial resources? Did you don’t establish a solid financial retirement plan early on in life? Are you busy setting your career and accomplishing your job objectives? Did raising a family, college expenses, parental illness, a divorce, or any natural disaster sabotage your long-term fiscal plans? Your existing reality presents a sober wakeup call about what to do today. Take heart. Breathe. And let us look at options. First, turn to a professional to evaluate your present real assets. There are lots of free services provided to senior citizens created to help seniors get control of their financial affairs. Such matters as”Get Help Choosing a Financial Advisor,””Free Tax Preparation,” and”Money Management Resources,” – are intended to assist you determine the fact of your present financial status. Another invaluable source for Boomers and seniors would be the Federal government. A Google search,”Government Services for Seniors” yields a gold mine of websites where seniors can retrieve concrete information, in addition to material goods and services. To a great extent, Boomers are unaware of the presence of those resources or are reluctant to take advantage of them. Ironically, it’s we, the people, who have, through taxation, generously contributed to the development and accessibility of what the authorities is now able to provide. Now’s the time to dive into this abundant trough of resources which you, in actuality, helped build! Now that you understand, Dorothy, that”you are not in Kansas anymore,” you will want to select which route of the yellow brick road to follow to best meet your current financial needs. How and where can you save by making small changes in your present lifestyle? How and where can you place your present limited assets to operate more efficiently? How and where can you augment your current income by work, either full or part time, either on your own or someone else, either doing what you did before, or in some brand new venture. Through clever saving, corrected lifestyle, and innovative work plans, you can and will endure, possibly flourish, in retirement, despite limited retirement savings and income.