Retirement Roundup: A digest of timely information and insight about finance, investing, and retirement.
First the good news: For the first time in more than six years of polling, Americans say they feel more comfortable with the savings they have now compared to the year before, according to a Bankrate.com report. The bad news: A Bankrate survey finds they’re not doing a better job at saving. Read more about the top reasons why Americans aren’t saving more money.
The most recent Retirement Confidence Survey (RCS), the longest-running survey of its kind in the nation, finds that the share of American workers who are very confident in their ability to afford a comfortable retirement remains low, and some workers report that preparing for retirement is emotionally or mentally stressful. However, among retirees, confidence in their ability to afford a comfortable retirement continues to be comparably high.
They say every day in retirement is a Saturday. But will your expenses increase or decrease in retirement? Why conventional wisdom about spending in retirement may not be accurate and what to anticipate or perhaps eliminate when creating your retirement budget.
Did you know nine out of 10 retirees say they are happy? Find out the other important stats you should know about retirement.
When employees change jobs, they often refund their 401(k) retirement savings instead of rolling them over to their new employer’s plan. Employers are working to discourage employees from using their 401(k) retirement savings for purposes other than retirement.
A survey of 2,500 pre-retirees finds that 46 percent of Baby Boomers say they have no retirement savings—the highest percentage recorded in seven years. Working with a financial planner increases savings and retirement confidence according to the study conducted by the Insured Retirement Institute.