Reported about 5 hours ago
A recent study by Morningstar indicates that up to 45% of seniors retiring at 65 may risk depleting their finances. Wealth host Brad Smith highlights the even greater challenges faced by those retiring at 62. The U.S. Census Bureau reports that 48% of retirees depend on income beyond Social Security, with 401(k) plans being crucial. Experts advocate for robust workplace investment plans and emphasize the importance of early savings to help mitigate this looming crisis.
Source: YAHOO