Reported about 1 month ago
A recent examination highlights a stark contrast between the retirement expectations of working Americans and the realities faced by retirees. While many pre-retirees anticipate needing upwards of $1.2 million to feel secure, retirees often report being comfortable with much less, averaging around $4,258 monthly. Despite the anxiety surrounding retirement savings, surveys indicate that eight out of ten retirees feel financially secure. Factors contributing to this positive outlook include lower living expenses, proactive financial planning, and adaptation to a new lifestyle in retirement.
Source: YAHOO