From MarketWatch Retirement:
Can you still retire on $1 million? That’s what today’s millionaires want to know. There’s widespread confusion about how much people really need to retire. Plus, $1 million isn’t what it used to be.
Retirement and college savings? Not so much. Americans focus on immediate financial worries. Short-term financial stressors like paying off credit card debt and creating emergency funds have taken priority over long-term goals like retirement and college savings, a new study found.
Women need to save more, earlier and invest more aggressively for retirement – here’s why. Women who take time to care for family members are repaid by having their retirement savings cut by up to 35% and possibly ending up in an earlier-than-wanted retirement, a new report found.
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More in retirement news:
Retirement savings changes are on the horizon. Here’s what they could mean for you (CNN)
Can you afford to retire? (The Economist)
Should You Make a Retirement Contribution Now or Save It for 2023? (Motley Fool)
It’s never too soon to save for retirement. Here are 3 ways Gen Z workers can start now (CNBC)
If You Delay Retirement, You Should Also Delay This (Yahoo Finance)
50% of women say they are behind on retirement savings. Here’s why they face challenges (CNBC)
401(k) ‘hardship’ withdrawals hit record high, Vanguard says — another sign households feel the pinch of inflation (CNBC)
Research and Insight:
Empower (inflation-weary) employees as they struggle to save for retirement (BenefitsPro)
Americans spend less after retirement age: Research (The Print)
Nontraditional Workers Want to Be Able to Save for Retirement (Pew)
Why Cybersecurity for Retirement Plans is More Important Than Ever (PlanSponsor)
Most Americans Value Retirement Planning, Fewer Than Half Appear to Do It (PlanSponsor)
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