Retirement Trends

Gen Z is the most confident about retirement but reports the highest anxiety about day-to-day finances.

Fears that such accounts would stop employers from starting retirement plans appear to be overblown, research suggests.

On average, Gen Xers expect to retire with $711,771 saved — far short of the $1,116,747 they believe is necessary for a comfortable retirement.

Although it may be tempting for healthy people to assume they never will need such care, a 65-year-old has a 7 in 10 likelihood of needing some form of long-term care during their remaining lifetime.

Retirement anxiety is also rising, with 63% of recent hires expressing concern about running out of money in retirement.

The Stop Penalizing Working Seniors Act allows those enrolled only in Medicare Part A to continue HSA contributions.