Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
April 12th, 2016
Benefits & Administration
Inadequate Savings Lowers Retirement Confidence of Boomers
Only 24% of Baby Boomers are confident they will have enough savings to last in retirement, according to a research report from the Insured Retirement Institute (IRI) titled “Boomer Expectations for Retirement 2016.” This is the lowest confidence level since IRI began its research on the topic in 2011. Back then, 37% of Boomers had the same level of confidence. In addition, the survey found, a lack of savings is resulting in delayed retirement for many Baby Boomers.Read more >
Americans 'Very Worried' About Inflation in Retirement
Americans are concerned that the rising cost of living will affect their retirement years, but these concerns are often overestimated, according to Allianz Life Insurance Co. of North America.Read more >