John Lowell knows that most Americans don’t feel confident in their ability to retire. He’s hoping to change that — but he’s got his work cut out for him.
“We have people afraid of outliving their own wealth, we have fear of inflation, fear of medicals costs in retirement, fear of long-term care costs, fear of Social Security not being around,” says Lowell, a partner at advisory October Three Consulting, which specializes in retirement programs for employers with as many as 30,000 staffers. “How do we build something within the constraints of a company that helps to solve those problems?”
