Tag: retirement risk
I have a client who is nearing retirement as a self-employed gardener. At age 67, she doesn’t have a massive amount of retirement savings. But she has paid into Social Security her entire working life, and her projected benefits are expected to cover more than half of her expenses in retirement. Overall, Social Security accounts…
Even with the improvement, two out of five households are still at risk, according to the National Retirement Risk Index. The release of the Federal Reserve’s 2022 Survey of Consumer Finances (SCF) offers an opportunity to reassess Americans’ retirement preparedness as measured by the National Retirement Risk Index (NRRI). The NRRI estimates the share of…
