Americans’ retirement preparedness improved from 2015 to 2016, in large part because more employees are running projections for their post-employment years, according to data compiled by Financial Finesse in its 2016 Year in Review.
“This is good news for employers that face significant costs due to delayed retirement from employees that are underfunded or don’t have an idea whether or not they have enough to retire,” the Financial Finesse report found. “By running a retirement projection, about four in 10 discovered they are underfunded and in need of making changes with respect to how much they save, how they invest, and how they prepare for retirement.”
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