As retirement confidence drops, experts say focusing on these 4 factors can help

Americans’ confidence they can live comfortably in retirement has dropped the most since the global financial crisis in 2008, according to a recent report from the Employee Benefit Research Institute and Greenwald Research. One reason is high inflation, which has reduced both workers’ and retirees’ belief that their retirement preparations will sustain them, according to […]

Inflation Prompts Americans to Tap Their 401(k)s

More retirement savers are prematurely withdrawing money from their 401(k) accounts, as the price of everyday goods and services remains inflated, The New York Times reports. Most troubling, say retirement savings experts, is Americans’ perception of their 401(k) accounts has changed from one of protecting their future to one of taking care of immediate needs. […]

How much does the average American need to save for retirement in 2023? Here are 3 simple ways to ‘cheat’ if you’re coming up short

Americans hoping to retire in 2023 have a lot to deal with. First, there was the pandemic, then a market crash. Now, we’re grappling with rising interest rates and stubborn inflation. It’s more important than ever for retiring Americans to ask themselves, “Do I have enough?” That answer will vary from person to person, and […]