Future-proof | A Podcast For Tomorrow's Accounting & Finance Pros

183. MarylandSaves: Retirement savings made easy, with Glenn Simmons

Informações:

Synopsis

This episode, we're talking about saving for retirement, specifically how we can help our employees save more money for retirement. The general story we keep hearing is, as Americans, we aren't saving enough. The economy is playing a role, with 54% of Americans either reducing the amount they are saving or stopping all savings due to inflation, based on a survey by Allianz. The survey also showed the following:43% respondents report having to dip into retirement savings to meet rising costs75% say they are worried the cost of living will impact their retirement plans25% of U.S. workers have no retirement savings at all36% believe their retirement plans are on trackEven more statistics show those who are close to retirement age do not have enough to support themselves for an extended period of time. This is an issue that impacts us all. Local and state governments are likely to shoulder a share of the financial burden when it comes to those who don't have retirement savings (which means we'll all have to chip