Do you know what percentage of Americans are concerned about outliving their savings after they retire? And how many hard working Americans are finding it hard to save for their retirement? Do you know how much the tuition fee for college is increasing annually? Do you know the 529 saving plan you have setup for your kids will negatively impact their chance of getting financial aid?

According to bankrate.com, about 55% Americans are concerned about outliving their savings; according to CBS news, about 70% working Americans are finding it hard to save for retirement; according to CBS Money Watch, tuition and fees increased 5.4 percent annually above inflation since the 2001-2002 school year, that is about 8-9%. And yes, the 529 saving plan you have setup will negatively impact their chance of getting financial aid.

Then, what can we do to get ourselves prepared?