Reported 12 months ago
Derek Ferguson, chief administration officer at TIAA, expressed concern on Yahoo Finance about the significant number of Americans, especially marginalized groups, being unprepared for retirement. Nearly 40% of Americans risk running out of money in retirement, while 53% of African Americans may outlive their savings. Ferguson emphasized the importance of closing the gap through economic access to retirement plans that offer guaranteed income to ensure financial security in retirement.
Source: YAHOO