Many Americans nearing retirement say they lack the information they need to make good decisions
Less than half have run projections to see how their savings will hold up through retirement or have had an advisor do it for them.
By Alan Goforth|December 11, 2020 at 09:13 AM
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If information is power, many Americans nearing retirement age may be in trouble. A significant portion of the population doesn’t know much about retirement planning and doesn’t have the information they need to make good decisions, according to a MoneyRates.com survey.
More than two-thirds of respondents don’t know how much they should save or how much they could afford to spend in retirement.
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