In the News

Title

How much do you need to fund retirement? More than you think

Document Type

Article

Publication Date

2-7-2017

Abstract

Yes, a new study indicates that those saving for retirement will need to increase dramatically the percent they save for retirement if they want to fund their desired standard of living in retirement.

Consider: Americans presently save on average 5.5% and 401(k) plan participants deferred, on average, 6.8% of their salaries into retirement plans in 2015.