Retirement will ‘take a miracle’ for 21%, Natixis survey finds
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Americans feel more optimistic when it comes to retirement.
Only 21% of Americans participating in the survey NATIXIS Investment Managers He said that in 2021, from 41%, which said the same thing, would “get a miracle” to have a safe retirement in almost half.
Some of this confidence stems from feedback of the S&P 500 Index, exceeding 20% of the two -year returns – half of the survey participants, according to Natixis, said that these results make investment look easy.
Nevertheless, 69% of the 750 Americans who participated in the survey earlier this year were still worried about instability and potential financial impact.
The possibilities they may experience longer than expected, the concern that social security assistance can be discontinued, and the fear that high inflation can erode retirement savings.
Recently, the sudden swing in inflation has encouraged people to save less, to feel that their savings will not go forward in the future and that their investment gains are reduced.
“When they look at how they feel about retirement, they feel good in general, but there are some things that bother them.” He said.
The United States went down to number 21 in the new ranking of the best countries for retirees of Natixis and a nest rose compared to the previous year. The ranking measures countries based on finance, welfare, health and quality of life. While strong financing and health helps to support 70% of the country’s total, this was balanced by factors such as income inequality, a slight increase in unemployment and a decline in happiness.
Americans are waiting to retire at the age of 64, but face a savings gap.
How to prepare investors – and what to do
According to Natixis, Americans prepared to prepare for retirement – with 64% – reducing more savings and costs.
This is followed by 47% of long -term financial plans, 34% of predicting future pension costs, and 32% of professional financial advice.
In order to prepare better, Americans should make professional help a higher priority.
A financial consultant can help solve the “super complex mathematical equation” required by pension planning, how much savings are required, including which inflation can be in the future.
“When you ask retired what is the number one thing [was] This helped them reach security, he was getting professional advice, Goodsell said.
Goodsell, many Americans strive for a $ 1 million nest egg, while retirement can give about $ 40,000 a year if they withdraw funds according to 4% rule.
The 4% rule traditionally includes withdrawing 4% of a portfolio in the first year of retirement, and then the adjustment of the rate for inflation in the following years.
According to Goodell, often retirement protectors will want to try to have a higher balance to have more money during the golden years.
Some surveys indicate that they think that the desired retirees should be saved.
In order to obtain a more accurate indicator of your pension savings goals, start your first pension year with the amount of money you need, the financial planner who invented the 4% rule, Bill Been, Recently he told cnbc.com.
Then, to get a rough savings target to estimate the first year with 20 times the withdrawal amount.
