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It’s understandable when people at the beginning of their careers don’t have much saved for retirement. But new research is raising alarms about seniors as well.
A majority — 58% — of Americans aged 65 and older have only $100,000 or less in their 401(k)s, according to a new survey by the personal finance website GOBankingRates. In fact, 36% have $50,000 or less.
Nathan Place is a national reporter at American Banker. A native of New York City, he has worked for more than a decade in both print and video journalism. He got his start in Beijing, where he … Read full bio
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Transamerica Institute finds more middle-class workers expect to fund retirement through 401(k)s and other savings, but financial pressures could derail those plans.
The CRO of retirement plan provider Human Interest explains how employers can simplify retirement plans and boost participation.
Even high-income employees are uncertain about where to put their next dollar, highlighting the need for workplace guidance on financial wellness.
New NFP research finds 72% of workers are behind on retirement as rising costs, competing priorities, and financial stress make saving harder.
Instead of assuming that longevity is a good-news story, acknowledge that extended longevity without a plan is a financial and emotional time bomb.
