{"id":391950,"date":"2020-12-02T11:10:10","date_gmt":"2020-12-02T16:10:10","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=391950"},"modified":"2020-12-02T11:10:10","modified_gmt":"2020-12-02T16:10:10","slug":"most-americans-ill-equipped-in-financial-retirement-planning-moneyrates-survey","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/most-americans-ill-equipped-in-financial-retirement-planning-moneyrates-survey\/","title":{"rendered":"Most Americans Ill-Equipped in Financial Retirement Planning: MoneyRates Survey"},"content":{"rendered":"
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Nearly a quarter of survey respondents says retirement savings wouldn’t stretch five years<\/h2>\n

PR Newswire<\/p>\n<\/p><\/div>\n

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FOSTER CITY,\u00a0Calif., Dec. 2, 2020<\/span> \/PRNewswire\/ —\u00a0Many Americans may be steering the Titanic without a map when it comes to retirement finances. A new MoneyRates.com<\/a> survey finds a significant portion of the population understands very little about retirement planning and lacks essential information to make the right moves. \u00a0<\/p>\n

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\n \"(PRNewsfoto\/MoneyRates.com)\"
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The personal finance website polled 1,000 Americans who are either within 20 years of retirement age or have already reached that age. The results reveal roughly two-thirds of respondents haven’t made any kind of projection of how their savings will hold up in retirement. <\/p>\n

“A person’s savings is a basic building block of retirement planning,” remarks Richard Barrington<\/span>, MoneyRates’ senior financial analyst and author of the survey. “One needn’t be a financial expert to take control of retirement planning. People should take the initiative to get the help they need to feel comfortable with their retirement plan.”<\/p>\n

Find the full study here: Investor Aptitude: Are You Ready to Manage Your Retirement Finances?<\/a><\/p>\n

\n Key survey findings<\/b>: <\/p>\n