Today: 29. Jun, 2024
A recent study reveals a concerning trend among middle-aged Americans: they are significantly underprepared for retirement. According to Prudential Investments, many Americans around 55 are facing what is termed a “midlife retirement crisis,” with insufficient savings to sustain a comfortable post-working life.…
With half of 2024 already behind us, it’s a perfect time to assess your financial goals and make necessary adjustments. Whether you’ve been on track or have veered off course, a mid-year financial checkup can help ensure you’re on the right path.…
A Daunting $38 Trillion Question In an in-depth examination of the current state of retirement funds in the United States, which amasses a staggering $38 trillion, Teresa Ghilarducci, a pension expert and labor economist, reveals a troubling reality. Despite the enormous pool…
You may be saving more money for retirement and not even know it. An increasing share of employers are automating how people save in their company 401(k) plans to overcome the inertia that often keeps us from building a nest egg. The…
Australia’s renowned superannuation system has long been regarded as a model for retirement planning. Yet, as the world faces the “Silver Tsunami” of aging populations, concerns are emerging about its adequacy. On Bloomberg’s Big Take podcast, host Sarah Holder and journalist Amy…
Navigating Uncertain Waters In the past year, American confidence in having sufficient retirement funds has plummeted, marking the largest decline since the global financial crisis. This unsettling trend continues as new findings by the Employees Benefit Research Institute and Greenwald Research highlight…
The traditional notion of retiring in one’s 60s is increasingly being viewed as unattainable. With rising life expectancies and escalating costs of living, the conventional retirement age might be shifting. This article delves into the evolving dynamics of retirement, influenced by economic…
In recent studies, Americans have expressed a significantly increased expectation for their retirement savings, believing they need about $1.46 million to live comfortably in retirement, a sharp rise from previous figures. According to new research from Northwestern Mutual, this number represents a…
As we stand on the cusp of a new decade, the United States is teetering on the edge of a significant retirement crisis. With the Census Bureau forecasting that by the end of this decade, approximately 21% of the nation’s population will…
In a compelling wake-up call to investors and policymakers, Larry Fink, the CEO of BlackRock, the world’s largest asset manager, has highlighted a brewing crisis that threatens the economic fabric of the US: the looming retirement crisis. In his annual letter to…
