Reported about 17 hours ago
A recent survey reveals that 19% of retirees feel they are living a 'nightmare' rather than enjoying their retirement. Many face insufficient savings, with average 401(k) balances low compared to what is needed for a comfortable retirement. Factors such as rising costs, healthcare expenses, and uncertainty about longevity contribute to this financial distress. To avoid a similar outcome, experts recommend establishing a proactive savings plan, understanding how much money is necessary for retirement, setting realistic financial milestones, and seeking guidance from financial advisors.
Source: YAHOO