Retirement has become more frustrating than a Rubik’s Cube
In a new Marketwatch column, NIRS executive director Dan Doonan writes that retirement has become a Rubik’s Cube for most Americans.
“So many factors impact how much one is able to save during their working years, and there are even more considerations as one tries to spend down their nest egg so they don’t run out of money. From stock-market volatility to fluctuating interest rates to escalating health, housing and long-term care costs, retirement is fast becoming an unsolvable puzzle for most Americans.”
Pensions Support a Stable, Experienced Public-Sector Workforce
Public pensions help government employers retain experienced career workers, reducing costly turnover and supporting the reliable delivery of essential public services, according to a report, Workforce Turnover and Retention in the Public Sector: Insights from Public Pension Plans. The research finds that while employee departures are concentrated in the first five years of service, retention is strong among workers who remain beyond that point.
80% of Americans Say U.S. Faces Retirement Crisis Amid Affordability Pressures and Debt
National polling research from the National Institute on Retirement Security finds that 80 percent of Americans believe the nation faces a retirement crisis, as rising costs, debt, and other affordability pressures make it harder to save. The survey also finds widespread caution about AI-generated financial advice and cryptocurrency in workplace retirement plans, while 85 percent say Washington should make retirement security a higher national priority.
