Below is a link to a report published today by EBRI. The report discusses various findings regarding Americans’ retirement confidence.
According to the survey, just 14% of Americans are confident about their retirement readiness – an historically low level. Just over one-third of Americans expect to retire later than age 65. Those already in retirement have much higher levels of confidence than those still working.
Two additional findings are worth quoting:
- More than half of workers (56 percent) report they and/or their spouse have not tried to calculate how much money they will need to have saved by the time they retire so that they can live comfortably in retirement.
- Only a minority of workers and retirees feel very comfortable using online technologies to perform various tasks related to financial management. Relatively few use mobile devices such as a smart phone or tablet to manage their finances, and just 10 percent say they are comfortable obtaining advice from financial professionals online.
It is important to mention that these two issues are addressed in our website. As a member, you have access to all the necessary tools to calculate your retirement plan as often as possible. In addition, we have structured our website to be a very accessible program that offers a step-by-step approach to help you reach your retirement dreams.
We begin with educational videos, continue with your personal asset allocation determination, then creation of your retirement plan, followed by which securities to invest in, the tracking of those investments versus your plan, and finally the curating of all the latest research and market insights in one place. All that you need for your retirement plans, readily accessible on your own time, and all in one place! And finally, all at one low price!