Are we on the verge of a retirement crisis?

Are we on the verge of a retirement crisis?

Posted On November 4, 2018

Are we on the verge of a retirement crisis? It depends on who you ask. Conflicting reports abound on the state of American retirement plans. Some say we, on average, are looking OK. Others say we aren’t even close to being ready. Wesley Carpenter, a financial planner with Merrill Lynch, offers his take in the latest episode of “What’s Working with Cam Marston.” Corporate America has shifted from pensions toward 401k plans – fewer than 20 percent of private sector employers still offer a pension plan, Carpenter says, down from over 60 percent in the early 1980s. That shifts the… Read More