Looking Ahead at the “Retirement Crisis”
Despite some media perspectives that there really is no impending “retirement crisis,” BlackRock Retirement Institute’s Executive Director Bruce Wolfe takes the position that those who downplay bleak retirement financial projections may be weighing past and current retirees’ fortunes too heavily. “For those close to retirement today, the environment is going to be dramatically different,” he asserts, citing factors like the evaporation of defined benefit plans, lagging investment returns, and the uncertainty of Social Security’s long-term solvency. Benefits Pro columnist Nick Thornton recap’s Wolfe’s conjecture in a post on www.benefitspro.com…access the post here.
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