Tag: retirement preparedness
The National Retirement Risk Index (NRRI) measures the share of working-age households that is “at-risk” of being unable to maintain their pre-retirement standard of living in retirement. The exercise involves comparing households’ projected replacement rates – retirement income as a percentage of pre-retirement income – with target rates that would allow them to maintain their…
Due to changes in the retirement landscape in recent decades, Late Boomers (who are now nearing retirement) would be expected to have less wealth from traditional pensions, Social Security, and housing, but higher 401(k)/IRA assets compared to Mid Boomers at the same age. Strikingly, though, Late Boomers have seen a drop in their 401(k)/IRA assets…
