Having access to a workplace retirement plan is one of the best ways to close the retirement savings gap for Generation X, according to a new report by the Employee Benefit Research Institute.
When trying to calculate what you will need in retirement, EBRI recommends taking into account what you will spend on nursing home and home health care expenses.
The nonpartisan EBRI bound in its research that 44 percent of both Baby Boomer and GenX households are likely to be at risk of running short of funds during retirement if they retire at age 65 and they retain their net housing equity in retirement until other financial resources are depleted.
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