Reported 1 day ago
Retirement planning is a significant financial challenge for many Americans, especially with uncertainties around Social Security and personal savings. A Bankrate survey reveals that 57% feel behind on retirement savings, while BlackRock's report indicates 60% worry about outliving their funds. Expert Robert Powell suggests that while retirement is attainable, factors like income level greatly affect the feasibility. He recommends assessing goals, estimating retirement expenses, and saving at least 10% of income, increasing to 15% over time to ensure a comfortable retirement.
Source: YAHOO