National Retirement Security Week is October 17th through October 23rd. This week, Americans are encouraged to reflect on their retirement goals and determine whether they’re on track to reach them.
In honor of National Security Week, let’s take a closer look at national retirement security and what you can do to set yourself up for a financially secure retirement.
Each year, the Transamerica Center for Retirement Studies conducts an annual retirement survey. It’s intended to explore the attitudes and behaviors of Americans regarding retirement security and benefits. Here are several noteworthy findings from the most recent study in late 2020.
When it comes to retirement savings, the U.S. isn’t in the best spot. A report by Paris-based investment bank Natixis Investment Managers ranked the U.S. 18th in their global ranking of retirement security. Iceland, Switzerland, Norway, Ireland, New Zealand, Sweden, Denmark, Canada, Australia, and Luxembourg were in the top 10. The report discovered that despite an improvement in employment and high income per capita, retired Americans have a lower quality of life and income inequality, dragging the performance of the U.S. when it comes to retirement savings.
National Retirement Security Week is the perfect time to reflect on your retirement savings and goals using these ideas:
In conclusion, together we can review your financial situation and determine the ideal retirement plan for your situation. Contact us today to get started.
SWG1846065-0921d Disclosure: The sources used to prepare this material are believed to be true, accurate and reliable, but are not guaranteed. This information is provided as general information and is not intended to be specific financial or tax guidance. When you access a link you are leaving our website and assume total responsibility for your use of the website you are linking to. We make no representation as to the completeness or accuracy of information provided at this website. Nor is the company liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third-party technologies, websites, information and programs made available through this website.
Prestige Financial Advisors is an elite provider of financial services to thousands of California families and businesses with roots beginning in 1996. Our founder, Jeff McCarty’s main philosophy is to provide complete solutions helping our clients in every aspect of their financial lives. Contact us today to schedule an appointment and learn more.