10 04, 2015

The Retirement Crisis: Why 68% Of Americans Aren’t Saving In An Employer-Sponsored Plan

2015-04-10T17:23:51-07:00April 10th, 2015|Categories: Retirement|Tags: , |

Few Americans are saving for retirement, suggesting many workers may face a retirement with a lower standard of living, according to a recent study released by the Schwartz Center for Economic Policy analysis at the New School. Since Social Security cannot fully replace income in retirement, other savings is needed, and that usually comes in the form of funds accumulated in employer-sponsored retirement plans such as 401(k)s. However, in 2011, almost half of working Americans were not offered a retirement account [...]

8 04, 2015

1 in 3 Older Workers Likely to Be Poor or Near Poor in Retirement

2015-04-08T22:38:37-07:00April 8th, 2015|Categories: Retirement|Tags: , |

Fewer Americans have access to a retirement plan at work. If you’re one of them, here’s what you can do.  A third of U.S. workers nearing retirement are destined to live in or near poverty after leaving their jobs, new research shows. One underlying cause: a sharp decline in employer-sponsored retirement plans over the past 15 years. Just 53% of workers aged 25-64 had access to an employer-sponsored retirement savings plan in 2011, down from 61% in 1999, according [...]

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