Here’s how much the average American has in retirement savings by age

WKBN.com— While many Americans want to retire comfortably, it’s a goal that may seem out of reach for some struggling to save due to the rising costs of housing and everyday expenses.

usanewsgroup.com—New retirement rule will help protect retirement savings of Americans already struggling to save. The Biden-Harris administration recently announced a finalized retirement rule that will help individuals save for retirement. The Retirement Security Rule updates the definition of fiduciary, a financial manager that follows a certain code of ethics. The amended definition requires financial managers to have set policies that guide them in advising individuals. These policies instruct professionals […]

usanewsgroup.com—Can You Guess How Many Americans Have $2 Million Saved For Retirement? It’s Probably Less Than You’d Expect. While retiring with a $2 million nest egg might seem rare, it’s closer to what many Americans now believe they need to retire comfortably. A survey from Northwestern Mutual reveals that Americans feel they need $1.46 million for a comfortable retirement, a number that has surged by 53% since 2020. This dramatic increase, influenced by […]

usanewsgroup.com—Most Americans want to live until 100, but fear they can’t afford it — how to stretch your retirement savings. If you want to live to be 100 years old, you’ll need to take care of more than just your physical health — you’ll also need to take care of your financial health. According to a survey by Corebridge Financial, 54% of Americans aspire to live to age 100. And the odds are increasingly in their favor. […]