Tag: retirement preparedness
The brief’s key findings are: Before the virus, half of households were at risk of falling short in retirement. The virus-related surge in unemployment has likely increased the share of households at risk from 50 percent to 55 percent. And this increase does not capture the impact of lower asset prices and interest rates. In…
The brief’s key findings are: 401(k)s/IRAs have the potential to provide significant wealth. But a typical 60-year-old with a 401(k) in 2016 had less than $100,000 compared to a potential $360,000 in combined 401(k)/IRA assets. Four factors could explain this gap: the immaturity of the 401(k) system, the lack of universal coverage, leakages, and fees…
