In a 2023 survey, 37% of all workers reported they were either “not too” or “not at all” confident that they would have enough money to pay for their medical expenses in retirement.
Maximizing the effectiveness of your retirement strategy begins with understanding the hierarchy of savings.
Although stereotypes are changing, women are still more likely to serve as caretakers than men are, meaning they may accumulate less income and benefits due to their time absent from the workforce.
The “catch-up” provision allows workers who are over age 50 to make contributions to their qualified retirement plans in excess of the limits imposed on younger workers.
Too many people retire without any idea of what their retirement will look like.
Thanks to healthier lifestyles and advances in modern medicine, the worldwide population over age 65 is growing.
