X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

One-third of Americans who are five years away from retirement haven’t even calculated how much income they will need in retirement, according to a new survey by Charles Schwab. Nearly half of those surveyed had no idea how to invest their money to maximize retirement income.

The survey of more than 1,000 Americans age 55 to 70 found that while the vast majority of pre-retirees expressed feelings of optimism about their retirement readiness, one-third (33 percent) said they had not yet determined what their essential living expenses in retirement would be and almost two-thirds (64 percent) said they have less than one year of cash savings at any one time for retirement living expenses.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

 

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.