Regional Business Digest

REGION

Valley Lead Group plans networking meeting

CORNERSBURG — The Valley Lead Group will have a networking meeting at 7 p.m. Thursday at Davidson’s Restaurant, 3636 Canfield Road.

Business professionals are invited to attend to find out if they would like to join. Only one professional is admitted for each business category.

For reservations, call Rob Palowitz at (330) 629-9056, ext. 101.

NATION

Survey: Just 40 percent of Americans have IRAs

NEW YORK — If you want to spend retirement tangoing on all-you-can-eat Caribbean cruises, start planning today.

While more than two-thirds of Americans in a recent Bank of America Corp. survey said they had heard of Individual Retirement Account (IRA) savings accounts, only 40 percent said they had one.

“Baby boomers are putting more pressure on Social Security,” said Dan McNamara, who oversees financial planning and personal retirement solutions at Bank of America.

Maintaining a post-retirement lifestyle akin to what you’re used to requires 85 percent of a working year’s pretax income for every year of not working, McNamara said, but 40 percent of those surveyed found it difficult to figure out how much money they’ll need to live comfortably in retirement.

From Vindicator staff and wire reports