Survey: Many American Workers Have No Access to Retirement Savings Plans

31 percent of employed Americans have no access to retirement savings accounts through their workplace. This is according to a new survey conducted by retirement advocacy organization Funding Our Future, in partnership with private research company Morning Consult. “Having enough money saved for retirement is one of the biggest financial challenges Americans face,” the press […]

401K Participants Not Saving the Amount Believed to Be Needed

New research indicates that although participants in 401K retirement savings plans believe that they’ll need roughly $1.7 million in order to fully fund retirement, most participants aren’t saving nearly enough to reach that goal. This is according to a national survey conducted by Schwab Retirement Plan Services. The survey, conducted on a national scale with […]

Gallup: More Non-Retired Americans Expect Retirement Comfort, Despite Lack of Savings

Constituting a near-record high, 57 percent of non-retired Americans expect their retirements to be comfortable after having saved enough money to adequately support expenses and lifestyle choices, according to a poll conducted by Gallup in April of this year. This is the highest recorded figure for this expectation from the longstanding polling organization since 2004. […]

U.S. News: Senior Mortgage Tips Include Reverse Mortgages

A mortgage finance expert describes how reverse mortgages can potentially act as a “lifesaver” for some seniors in specific financial situations, along with offering advice related to home equity levels and optimal financial planning strategies related to taking a reverse mortgage out. This is according to a new piece running down mortgage tips for seniors […]

Study: Marrying Later Could Delay Saving for Retirement

Delaying marriage until later in life could also delay the time at which a worker enrolls in a 401K savings account, and the amount of money that is contributed to it. This is according to a study conducted by Geoffrey T. Sanzenbacher and Wenliang Hou, members of the Center for Retirement Research at Boston College. […]

Seniors Twice As Likely To Work Now vs. 1985

Rising health care costs combined with a lack of sufficient retirement savings and benefit payments has caused a higher rate of seniors to forego their retirements and continue working, making the idea of leaving work behind more stressful than sought after. This is according to a study conducted and released by money management firm United […]

Retirement Confidence Rebounds, Hits All-Time High

With a generally stronger economy in the United States and a high level of performance in the stock market, confidence in the ability for workers and retirees to fund their post-work lives has increased to all-time highs. This is according to the 2019 Retirement Confidence Survey Summary Report, conducted and released by the Employee Benefit […]

WaPo: People Aren’t Saving Enough for Retirement

While homeownership may not solve all of the problems concerning bolstering one’s own net worth or issues that could come out of needing flexibility to move, making decisions early in life about the most efficient ways to save for the years they won’t be working is often a key to financial stability late in life. […]

Pension Funding Becomes More Difficult for State, Local Governments

State and local governments are having increasing levels of difficulty in meeting their pension payment obligations, a problem exacerbated by the retirement of former government employees that are part of the baby boomer generation according to a new report by National Public Radio (NPR). In the city of Houston, Texas, for instance, the initial $2.4 […]