The virus-related surge in unemployment has likely increased the share of households at risk of falling short in retirement.
The latest Social Security Trustees Report revealed that the program’s 75-year deficit had increased and the depletion of the Social Security trust fund continues to be projected for 2035.
The shift from defined benefit plans to defined contribution plans over the past few decades has had an unexpected effect on Late Boomers
What is the wake-up call event that a retirement savings rate may be too low? Marriage!
Do the individual savers take their spouses’ behavior into account when making their own savings decisions?