It’s day eight of The Retirement Reality’s 12 Retirement Tips of Christmas. If you missed any of the previous tips, be sure to click here.

Eight Maids a Milking – Agriculture is one of the largest industries in the U.S. Unfortunately, they are one of the most at risk in retirement. Farmers and agricultural workers are less likely to be covered by traditional pensions, forcing them to rely on Social Security at a much greater rate than those in other sectors at a time when Social Security on average only covers two-thirds of retirement needs. In fact, only 30 percent of the agricultural workers in the United States work for an employer that sponsors some form of retirement plan, either a traditional pension or 401(k). This means that for a majority of farm workers, it is up to individuals to plan and save for retirement and then manage these savings so they provide an adequate standard of living for the rest of their lives.

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