A Precarious Existence: How Retirees Are Financially Faring in Retirement

A Precarious Existence: How Retirees Are Financially Faring in Retirement

 

LOS ANGELES/ Dec. 18, 2018 (STL.News)

Fewer than half of retirees (46 percent) agree that they have built a large enough retirement nest egg, with only 16 percent “strongly” agreeing and 30 percent “somewhat” agreeing, according to a new survey by nonprofit Transamerica Center for Retirement Studies (TCRS).

“Retirees’ circumstances regarding when and how they retired exemplify common risks: employment issues, ill-health, and financial need. They offer a cautionary tale for those currently in the workforce on the importance of maintaining good health, financial planning, and competitive job skills,” said Catherine Collinson, CEO and president of Transamerica Institute and TCRS.

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