Retirement news

Here are some recent retirement news articles and updates:

Retirement Savings

• A recent survey by the Employee Benefit Research Institute found that 43% of workers aged 55 and older have not saved enough for retirement. (Source: Employee Benefit News)
• The average 401(k) balance for workers aged 55-64 is around $120,000, according to a report by the Investment Company Institute. (Source: Investment Company Institute)

Retirement Age

• The Social Security Administration has announced that the full retirement age will increase to 67 for people born in 1960 or later. (Source: Social Security Administration)
• A recent study by the National Institute on Retirement Security found that 60% of workers expect to work past age 65, citing financial reasons. (Source: National Institute on Retirement Security)

Retirement Income

• A report by the Center for Retirement Research at Boston College found that 40% of retirees rely on Social Security as their primary source of income. (Source: Center for Retirement Research)
• The average monthly pension payment for retirees is around $1,400, according to a report by the Bureau of Labor Statistics. (Source: Bureau of Labor Statistics)

Retirement Planning

• A recent survey by the Financial Planning Association found that 62% of workers have not created a retirement plan. (Source: Financial Planning Association)
• The Securities and Exchange Commission has launched a new website to help investors plan for retirement and avoid scams. (Source: Securities and Exchange Commission)

Retirement Trends

• A report by the Transamerica Center for Retirement Studies found that 75% of workers aged 50 and older are concerned about outliving their retirement savings. (Source: Transamerica Center for Retirement Studies)
• A recent survey by the Employee Benefit Research Institute found that 55% of workers aged 25-34 are planning to work part-time in retirement. (Source: Employee Benefit Research Institute)

I hope these articles and updates are helpful!