THE ERA OF TRADING A LONG CAREER FOR a pension and afternoons on the golf course ended long ago. In its place, today’s retirees face growing financial pressure from multiple directions, including the looming fiscal crises for Social Security and Medicare.
Retirement for the middle or working class is changing more than retirement for the wealthy. The imbalance starts with retirement savings. Although a robust stock market helped turn a record 334,000 people into 401(k) millionaires by the end of 2020, one in three Americans also report that the pandemic set their savings back a few years, according to a Fidelity Investments survey. Americans in their fifties had, on average, $203,600 stashed away in their 401(k)s as of the fourth quarter last year, with people in their sixties reporting savings of only $25,500 more, Fidelity says.
Although most Americans will need to work longer, you have a shot at striking a better work-life balance, allowing more time for other pursuits. That’s good, because the one thing the four following forces shaping retirement in the 2020s have in common is the need for a bigger nest egg.
この記事は Kiplinger's Personal Finance の December 2021 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Kiplinger's Personal Finance の December 2021 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
MAKING A DIFFERENCE IN THE LIVES OF DISABLED VETERANS
He suffered grave injuries in the line of duty. Now he helps other veterans who have disabilities.
DO YOU NEED UMBRELLA INSURANCE?
A policy can protect you from financially devastating events.
Navigating Finances as a Blended Family
Money matters can get complicated when two families unite. Planning is key.
BREAKING UP WITH YOUR BROKER
Be aware of these challenges when you move your money to a new home.
CHOOSE A MEDICARE PLAN THAT'S RIGHT FOR YOU
Consider your health care needs over the long term as you weigh costs and coverage.
Keep Faith in These Stocks
IN 1997, I coined the phrase “faith-based investing.” It has nothing to do with religion or with picking stocks at random.
OUR ESG PICKS ARE THRIVING
Despite an ongoing backlash, our favorite stocks and funds focused on environmental, social and corporate governance issues had a good year overall.
MONEY MANNERS FOR THE MODERN AGE
The customs for splitting a restaurant check, purchasing a wedding gift, tipping and more have evolved. These guidelines can help.
ELECTION 2024: POLITICS AND YOUR PORTFOLIO
Who wins the White House matters—but only at the margins when it comes to your investments.
YOUR GUIDE TO OPEN ENROLLMENT
With health care costs on the rise, it’s critical to select a plan that fits your needs at the right price.