Posts Tagged ‘Retirement Savings’

Retirement Savings Tips for Each Generation, from T. Rowe Price

The retirement specialists at T. Rowe Price have published steps investors, in each generation, can take to secure a stronger financial position for their future retirement:

Millennials: Ages 24-39

It is critical that millennials start saving for their long-term goals—especially retirement—as soon as possible. Younger…

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U.S. Workers Get a Tax Credit for Retirement Saving

Fewer than four in ten U.S. workers (38 percent) know about a tax credit that may help them save for retirement, according to survey findings from nonprofit Transamerica Center for Retirement Studies (TCRS).

Also referred to as the Retirement Savings Contributions
Credit by the Internal Revenue Service (IRS), the…

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Unprepared for Old Age

Nearly 4 in 10 Americans age 65 and over – 37 percent – say they haven’t had conversations with anyone about preparing for their possible need of long-term care (LTC), according to a new report from OneAmerica.

The proportion was similar to American adults overall, 38 percent of whom said…

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Some Good News on Retirement Savings

Twenty-three percent of working Americans increased their retirement savings contributions this year compared to last year, the highest reading in six years of polling, according to a new report from

Another 16% indicate they have reduced their contributions over that time.

The encouraging findings mark a stark…

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A Third of Americans Have Shopped for Retirement Savings Options

Only 1 in 3 Americans have confessed to stopping retirement savings at least once, according to a new report from the Indexed Annuity Leadership Council (IALC).

Despite this poor showing, IALC found that a whopping 94 percent of Americans give themselves a passing grade in financial literacy.

“It is worrisome…

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Will We Ever Be Able to Retire?

Remember when retirement was a defined event in nearly every American’s life? It meant an end to the work life, and a greater opportunity for leisure, hobbies and family visits. Those were the days.

These days, retirement is fast becoming a luxury fully enjoyed by the few.

In fact…

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American Face Mounting Financial Pressure

More and more Americans believe that their savings will run out before they do, according some new data from Northwestern Mutual.

Northwestern Mutual, in its 2016 Planning and Progress Study, found that two thirds of Americans believe there is some chance that they will outlive their savings, with 1 in…

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Americans Are Using Retirement Savings to Cover Emergencies

A lot has been written about how so few Americans are really prepared for retirement. We usually see this expressed as a lack of adequate savings, but there’s another side to the coin.

In fact, many Americans do save for retirement, then find themselves using these funds well short…

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