It's not easy to live on your retirement portfolio’s investment interest. An interest-rate only retirement plan is feasible, but also has drawbacks.
Younger workers need better guidance on setting realistic retirement goals. Third of Gen Z respondents said savings of $250K enough to retire.
Retirees face many financial risks, such as outliving their money, investment losses and unexpected health expenses.
Planning for retirement is important to ensure you have enough financial resources to enjoy yourself in retirement.