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Tag: how to save for retirement
Planning to Retire Later? You’re Not Alone
The Insured Retirement Institute conducted research that found 64.4% of Baby Boomers and 70.0% of Generation Xers say that work in retirement will be a source of retirement income. Data from the Employee Benefit Research Institute (EBRI) supports this as part of a long-term trend. EBRI shows participation in the...
Grim Report on Our Retirement Savings Habits (VIDEO)
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Grim Report on Our Retirement Savings Habits
According to an article in The Week, half of all workers have put nothing away for retirement. Baby boomers have a median savings of only $78,000 while experts say to sustain a middle-class lifestyle across 15 or more years a retiree needs nearly one million dollars! At the same time...
Many Lost When It Comes to Financial Planning for Retirement
Nearly 60% of Americans over the age of 50 are worried about the costs of long-term care, while only 16% feel prepared financially, according to a recent study by Sun Life Financial and conducted by Kelton Research.æ Bob Klein, Sun Life’s vice president of Strategic Planning and Linked Benefits says...