Tag: saving enough

elderly man inserting credit card to ATM

The brief‘s key findings are: Federal Reserve data show that retirement preparedness has been declining over time, but studies on the level of preparedness offer conflicting assessments. The National Retirement Risk Index (NRRI) finds half of households are “at risk,” while studies of optimal savings suggest less than one-tenth will fall short. The optimal savings…

Senior couple and tecnologies

Introduction Popular financial advice often suggests that households should aim to replace between 65 and 85 percent of pre-retirement income in retirement in order to maintain their pre-retirement living standards.  Some households can achieve replacement rates that are in the recommended range through Social Security and pension income alone.  Others can reach these replacement rates…