Reported 28 days ago
A recent survey highlights that many American couples face significant financial fears regarding retirement, with 61% of working Americans fearing it more than death. The average household retirement savings varies by age, with data showing a disparity between average and median savings. Recommendations from T. Rowe Price suggest that dual-income couples should aim to save multiple times their income as they age, with advice to increase savings rates, maximize retirement accounts, reduce debt, and seek guidance from financial advisors.
Source: YAHOO