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The Pension Source
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Compensation Strategies Group, Ltd.
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DWC ERISA Consultants LLC
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BPAS
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Distributions Processor - Qualified Retirement Plans Anchor 3(16) Fiduciary Solutions, LLC
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Retirement Combo Plan Administrator Heritage Pension Advisors, Inc.
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BPAS
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Merkley Retirement Consultants
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Defined Benefit Specialist II or III Nova 401(k) Associates
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Americans Now Believe They Will Need $1.25 Million for Comfortable Retirement
Northwestern Mutual 
Oct. 25, 2022 "U.S. adults aged 18+ anticipate they will need $1.25 million to retire comfortably, a 20% rise since 2021. At the same time, Americans' average retirement savings has dropped 11% -- from $98,800 last year to $86,869 now -- while their expected retirement age has risen -- now 64, which is up from 62.6 last year.... More than four in ten (43%) people say they do not expect to be financially ready for retirement when the time comes. And 45% say they can imagine a time when Social Security no longer exists." |
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