Loan & Distribution Specialist AimPoint Pension
|
Regional Vice President of Sales The Retirement Plan Company
|
AimPoint Pension
|
Compass
|
Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
Bates & Company, Inc.
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
Half of Employees Approaching Retirement Wish They Had Started Saving Sooner
TIAA-CREF Nov. 19, 2014 "More than half (52 percent) of people approaching retirement (age 55-64) say they wish they had started saving for the future sooner ... Many say they wish they had made smarter financial decisions earlier in their career, including saving more of their paycheck (47 percent) and investing their savings more aggressively (34 percent).... Forty-five percent of respondents age 55-64 say financial readiness is the most important factor in determining when they will retire.... Only 35 percent say they saved in an IRA or met with a financial advisor, 32 percent have calculated the income they would need for each year of their retirement, and 12 percent have saved in a healthcare savings account." [Also available: Executive Summary presentation slides.] |
Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |