The Federal Reserve’s September rate cut brought a tinge of optimism to the retirement landscape as inflation figures began to fall. But with younger generations of talent shifting from Social Security to personal retirement accounts, many are left wondering what sets apart a good plan from a bad one.
Goldman Sachs’ 2024 Retirement Survey & Insights Report released last month found that out of 4,874 respondents polled, 36% said they were confident that their plan would allow them to achieve their retirement benchmarks when compared to the 10% without plans that felt the same.