A survey also revealed that among those Americans with access to using retirement savings vehicles, only 46% say they are contributing as much as they would like.
Tag: retirement savings
A Hearts & Wallets report reveals that of 49.4 million working Americans with less than $50,000 in investable assets, 33 million “wish they were doing a better job saving,”and the market for income management for new retirees is a sizable one.
They say regular expenses are keeping them from doing so, Bankrate.com found in a survey.
Workers surveyed said help with student loan debt and more financial education would help them achieve their financial goals.
Only one-third are participating in their retirement plan
While 64% of couples in their 20's discuss retirement savings, this drops to only 48% for those 40 and over.
However, their fear of investing in the stock market could hurt their outcomes, a survey reveals.
Among advice attributes respondents to a T. Rowe Price survey said they would like are ease of use, inclusion of alerts about critical developments in their account and not requiring a great deal of their time.
The Bipartisan Policy Center and Ric Edelman announce the launch of “Funding Our Future: A Campaign for America’s Retirement Security.”
Over a six-year period, projected income replacement scores in plans managed by Empower increased from 68% to 77.8%
This is up from 62% in 2005, Fidelity Investments says.
The paper shows employees who adhere to treatment plans and adopt simple healthier lifestyle behaviors can save on out-of-pocket health care costs and invest that savings to have additional income in retirement.