1 in 5 adults aged 50+ have no retirement savings, 26% feel retirement’s off the table
One in five adults aged 50 and up have zero retirement savings, and 26% said they expect they’ll never be able to retire, according to a new AARP survey.
What Is the Average Retirement Savings Balance by Age?
Perhaps the most official measure of American retirement savings comes from the Federal Reserve System. The Fed calculated average retirement account balances for individuals as of 2022, the latest year for which figures are available. Broken down by age, those balances are as follows: Continue reading
New AARP Survey: 1 in 5 Americans Ages 50+ Have No Retirement Savings and Over Half Worry They Will Not Have Enough to Last in Retirement
A new AARP survey finds that 20% of adults ages 50+ have no retirement savings, and more than half (61%) are worried they will not have enough money to support them in retirement. The findings also reveal a decline in overall sense of financial security among men,
Here's How Much Each Generation Thinks They'll Need to Save for Retirement
How much does each generation expect to need in retirement? I probably don't need to tell you that you're not going to be retiring on $50,000, unless you only expect that retireme
Average Retirement Costs vs. Saving in All 50 States
From analyzing average savings account balances to uncovering the annual cost of retirement, we're discovering each state's retirement readiness.
Retirement Savings Anxiety? You're Not Alone (and Here's How to Tackle It)
Feeling lost about retirement goals? Discover how to calculate your needs, create a plan, and overcome common roadblocks, ...
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10 Major Cities Where $1 Million in Retirement Savings Won’t Last Long
Planning for retirement is a long-term process and financial experts often use the example of reaching $1 million in ...
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One in three Americans believe they will not have enough money for retirement
A report by AARP showed an increased sense of optimism about the near future but an overall decline in financial security ...
Labor Department cracking down on retirement savings advice
The Labor Department will crack down on retirement savings advice to safeguard workers’ interests, the Biden administration ...
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AARP Announces New Rule from Department of Labor to Protect Millions of Americans’ Retirement Savings – Read the Rule
AARP Announces New Rule from Department of Labor to Protect Millions of Americans’ Retirement Savings – Read the Rule ...
Heise: Bill could jumpstart retirement savings for workers
The Michigan Legislature has the opportunity to impact workers’ financial futures and address lingering retirement savings ...
Here's Why I Treat My HSA as a Retirement Savings Plan
You can get more value out of your HSA by keeping your money in that account invested for many years. HSAs give you lots of ...
Tips to help you start saving for retirement
It's one of the most important things you can do and yet many Americans haven't started yet – saving for your retirement.
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Labor Department announces new rule to shield retirement savings
The new rule is designed to protect consumers who seek investment advice about their retirement savings, federal officials ...
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16 Clear Signs It’s Time for Baby Boomers to Retire from the Workforce
Are you part of the­ baby boomer generation and ponde­ring if it’s the right moment to bid farewe­ll to your job? You’re in ...