Tag: retirement security
People often ask how much they have to save for a secure retirement. The answer depends on a number of factors. Earnings level. The lower the earnings, the greater the portion provided by Social Security and the lower the individual’s required saving rate. Rate of return. The higher the rate of return on assets, t…
The brief’s key findings are: Most state-local pension plans are designed to provide adequate retirement income for full-career workers. However, the vast majority of state-local workers spend only a portion of their career in the public sector. As a result, most households with state-local employment retire with total replacement rates that fall well short of…
