Reported about 1 month ago
A Morningstar study reveals that 79% of Americans who participate in a workplace retirement plan for at least 20 years are likely to avoid financial shortfalls in retirement. The report emphasizes straightforward saving strategies, highlighting the importance of employer-sponsored plans for accumulating wealth over time. However, the research also points out disparities in retirement readiness across different demographic groups, particularly affecting single women and racial minorities. To improve outcomes, the study advocates for expanded access and participation in retirement plans.
Source: YAHOO