More households overestimating their retirement readiness - Plan Sponsor
A new report from the Center for Retirement Research at Boston College found “more than 25 percent of US households think they are on track to maintain their standard of living in retirement, but many are at risk of falling short.” The report pointed out that 32 percent of households that fall into the high-income category tend to be the most likely to be “not worried enough” and the least likely to change their ways. Remy Samuels writes on how the wealth illusion fueled by the strong market performance; and how has led to more households overestimating their retirement readiness. Read Ms. Samuels’ article here…
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