Article Summary from MarketWatch- Opinion: Half of Americans over 55 may retire poor Article Key Points: · Over half of Americans over 55 may retire in poverty · Poverty is defined as having to live on less than $20,000 a year. Reasons : · Loss of job due to COVID and an inability to get it back; many job losses are permanent · No employer contributions to 401K's · Inability to save due to the impacts of job loss and having to tap into savings to survive · Most vulnerable population are those who lose their jobs in their 50s, and unable to access Social Security or Medicare benefits Mitigation Strategies mentioned : · Create a six-month emergency fund · Make full contributions to 401K, even if you do not get a match References : · Teresa Ghilarducci, expert on ret