Americans need to be schooled on how to build a nest egg
Maurie Backman reports on survey results from TD Ameritrade that show most adults aged 40 to 79 give themselves a C or lower on the progress they’ve made building their nest eggs. This same survey found that 32% of Americans in their 40s through 70s have less than $50,000 socked away for the future. Backman explains how to improve retirement readiness, especially given the fact that Social Security only replaces about 40% of pre-retirement income. Read the full piece here.
The AMAC Foundation offers a free-to-the-public advisory service to all folks ageing into–or already in–Social Security. This service provides guidance in understanding the complexities of Social Security and the myriad rules and regulations associated with the process for claiming benefits, with NSSA-Certified Social Security Advisors available via email or telephone to discuss options. Learn more about this service via the Foundation’s website.