Do We Really Need $1M In Retirement Savings?
Do we really need $1M in retirement savings? Not even close, one top economist says.
Do we really need $1M in retirement savings? Not even close, one top economist says.
Millennials and Gen Zers are famously on their own when it comes to retirement savings with virtually no access to pensions or maybe Social Security.
The new report on Social Security, which predicts that the fund reserves will go broke in 2035, has put more Americans on edge.
With inflation stickier than anticipated, the impact of rising prices lessening the value of savings is weighing heavily on the minds of retirees.
Americans have anxiety around retirement. Many people are dipping into their nest eggs amid soaring inflation and working past typical retirement age.
Annuities are an essential component of the American retirement system, starting with Social Security. Why, then, do so few Americans understand them?
How much Americans think they need for retirement vs. what they actually have saved are miles apart.