Retirement Planning Statistics

Retirement is closer than you think, but are you ready? With a staggering number of people lacking confidence in their retirement savings, Eric shares the misconceptions people have and what mistakes can derail someone’s financial future. Many people feel inadequate when it comes to what they have saved in their nest egg, uninformed about the pitfalls of target date funds, and unprepared about the reality of leaving the workforce earlier than expected.

 

Here’s some of what we discuss in this episode:

• 76 percent of Baby Boomers say they are not confident they have saved enough.
• 30 percent of workers say they don't know what to do with their 401(k).
• 46 percent ​of ​workers ​leave ​the ​workforce ​earlier ​than ​they ​planned.
• Only 24 percent of retirees work with a financial advisor of some sort.

 

Get in touch with the Peterson Financial team: https://petersonfg.com/