Longevity to Exacerbate the Challenges Retirees Face
For those 75 and older, out-of-pocket medical costs amount to 20% of their income.
Tag: retirement outlook
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Aggressive Saving Is Simply Essential
One projection calls for more than $1 million in savings
Many Retirees Spending More Than They Expected
However, retirees spend 32% less than non-retirees.
Young Savers Are the Group Most Likely to Meet Retirement Goals
Workers under age 35 are realizing they need to start saving now, according to Ascensus.
Nearly One-Quarter of Participants in the Dark on Their Allocations
Among those who know how their 401(k) assets are allocated, they had 51% of their assets in equities, Legg Mason learned in a survey.
Workers in AB Retirement Confidence Survey Cite Desire for Income
Nearly half of workers feel confident about their retirement prospects, an AllianceBernstein survey found.
Picturing Life in Retirement Boosts Savings
When asked to think about their life in their 60s, 70s and 80s, people said retirement savings should be increased by 31%, Capital Group found in a survey.
Half of Millennial Business Owners Work With a Retirement Adviser
This is true for only 43% of all business owners.
Boomers Express Confidence in Their 401(k) Plans
Seventy-five percent believe their 401(k) plan is in better shape now than ever before, according to Charles Schwab.
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Women Will Heed Financial Advice
Giving them education, planning tools and similar resources helps
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Half of Retirement Savers Are ‘Chasers’
Expenses interfere with many workers' retirement savings goals
One-Third of Americans Lack an Accurate Perception of Their Finances
Many respondents to a Prudential Financial survey are misjudging how well-off they are.
The Median Retirement Account Balance Among All U.S. Workers Is ‘Zilch’
Over half have nothing set aside in any type of employer retirement plan.
Morningstar Examines How Participants Can Better Position Themselves for Retirement
Areas of focus are financial planning, investing and investor behavior.
Young Investors Overly Confident About Retirement
Nearly sixty percent have taken an early withdrawal from their retirement account.
Many Americans Think the American Dream Is Disappearing
The majority describe the American Dream as financial security for themselves and their family, and 54% think it is unattainable.
Small Minority of Sponsors Very Confident in Workers’ Retirement Security
In addition, a mere 18% of workers are very confident they will be able to retire with a comfortable lifestyle.