Many Americans express confidence in their savings and investment decisions—and in their ability to achieve their desired income levels in retirement. However, the income the vast majority of Americans expect is much greater than the amount their current savings and investments will earn them.
Over half of Americans feel on track to achieve their retirement goals, but positivity alone is not a measure of financial security or retirement readiness.
Across gender, age, or affluence level, investors are holding too much cash.
A majority of Americans feel confident that they will feel financially secure once they reach retirement, but nearly the same number are worried about how they are going to get there.
Americans have complicated feelings about their prospects for retirement—confident in their investment decisions, yet worried about the prospect of living comfortably. While many need to increase their savings to meet their retirement goals, they often feel pressure from bills and monthly costs.
It’s crucial for investors to get a better sense of how much their savings will yield in retirement income—and whether their current holdings will get them there.
Because retirement gaps don’t just close themselves. Get your clients engaged, move them to action, and help keep them on track.
As the global population ages, the world faces new challenges and opportunities. Find out how six couples from around the world are preparing for what comes next.
Talk to a financial advisor about the best ways to balance today’s costs with tomorrow’s needs.