An August article by ASPPA reported on a Financial Finesse report that indicated the level of financial stress last year ended up with almost 30% of employees who experienced crushing financial stress not contributing enough to their employer sponsored plan to enjoy the full company match. Worse, 4 out of 10 said they did not contribute at all.
LIMRA Secure Retirement Institute looked at workers ages 20 to 59 with incomes of $50,000 and up; they found that over 70% are saving for retirement at work, outside of work or both.
J.P. Morgan Asset Management’s “Guide to Retirement: 2016 Edition” details a range of financial challenges people should expect in retirement, including Medicare, long-term care and other aspects of health care for retirees.
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