According to the recently released 2015 BlackRock Global Investor Pulse Survey, American women are a little more confident about their financial futures than they were in 2014 (51% vs. 46%), and feel they are making the correct savings and investment decisions (42% vs. 34%).
Very few lower income employees are aware of the double tax benefit available through the Saver’s Credit or Retirement Savings Contribution Credit because it’s not in the 1040EZ tax form. But depending on their income, they can get an extra $1,000 to $2,000 tax credit if they participate in their employer’s retirement plan. A Transamerica survey reported less than 25% of these people know this. In 2016 it’s estimated that 70% of workers are eligible with incomes as follows:
The 26th annual Retirement Confidence Survey from the Employee Benefit Research Institute (EBRI) concluded that there was a small increase in the “very confident” rating of employees’ ability to retire comfortably between 2014 and 2015. Record lows existed between 2009 and 2013 due to the financial instability during that time period. .
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