“In the real world, we see most people still struggling to save for retirement. A new study from theNational Institute on Retirement Security reports that the median retirement account balance for households nearing retirement is $14,500; almost two out of three working heads of households (62%) ages 55 to 64 hold retirement savings worth less than […]
Date: May, 2015
“More companies have shifted away from defined-benefit plans in the past few decades, as they struggle with mounting pension obligations. Now, a new report argues that the large-scale move by companies toward defined-contribution 401(k) plans is widening the gap between rich and poor in the United States.” -Wall Street Journal Read the article.
“The markets may be improving for some, but for many Americans, a retirement crisis still looms: According to the National Institute on Retirement Security, about 45 percent — or 38 million working-age households — have not started a retirement fund of any kind. With the future of Social Security uncertain and an increasing number of […]