Wednesday, January 8, 2014

Retirement Crisis

The U.S. is facing a retirement crisis as many investors are failing to adequately prepare for their non-working years.

“A combination of factors, including a population that is living longer, the lingering effects of the ‘Great Recession,’ and simply not enough savings, has created a retirement funding gap in the United States,” according to a recent BlackRock research note.

A study conducted by Center for Retirement Research at Boston College suggests the gap can be as wide as $6.6 trillion.

In a survey, Employee Benefit Research Institute (EBRI) has found that less than 60% of workers save toward retirement, and 57% of those surveyed have less than $25,000 in total savings and investments, while 28% have less than $1,000.

Only 50% of investors understand how much they will need in retirement, according to BlackRock’s Investor Pulse survey.

Source: Tom Lydon, ETFTrends

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The views expressed here are that of myself or the cited individual or firm and do not constitute a recommendation, solicitation, or offer by myself, D2 Capital Management, LLC or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service. D2, its clients, and its employees may or may not own any of the securities (or their derivatives) mentioned in this article.


 The Jacksonville Business Journal has ranked D2 Capital Management in the top 25 of Certified Financial Planners in Jacksonville.  The Firm is also a member of the Financial Planning Association of Northeast Florida, the Jacksonville Chamber of Commerce, the Southside Businessmen's Club, and the Beaches Business Association. 

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