Most of us want to live to 100. Wait until you hear how much that retirement costs. [USA TODAY]
Corebridge Financial Inc. (CRBG)
Company Research
Source: USA TODAY
A lot of us, it turns out. More than half of Americans, 54%, say it is their goal to live to 100, according to a new report from Corebridge Financial, a financial services company. Much of the rest of the 20-page report deals with what it costs to live for a century. And that, experts say, is where the numbers get scary. “If we live till 100 and we retire at 65, we have 35 years of retirement that we need to finance,” said Lina Walker , senior vice president of global thought leadership at AARP. A 38-year retirement? What it costs to live to 100 Here's the math: As a rule of thumb, financial planners say we should expect to spend around 80% of our working income in retirement. With the nation's median household income at , according to the Census, the typical family might need about $60,000 a year in retirement funds. The average American retires at 62 . If you live to 100, that means 38 years of retirement. At $60,000 a year, that works out to a retirement budget of
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CRBG
News
- Gen Z Beginning Financial Planning Earlier Than Previous Generations [Yahoo! Finance]Yahoo! Finance
- Gen Z Beginning Financial Planning Earlier Than Previous GenerationsBusiness Wire
- Corebridge Financial, Inc. (NYSE: CRBG) had its price target raised by analysts at Morgan Stanley from $26.00 to $28.00. They now have an "equal weight" rating on the stock.MarketBeat
- Corebridge Financial, Inc. (NYSE: CRBG) had its "outperform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $32.00 price target on the stock.MarketBeat
- Corebridge Financial, Inc. (NYSE: CRBG) had its price target raised by analysts at Evercore ISI from $30.00 to $32.00. They now have an "outperform" rating on the stock.MarketBeat
CRBG
Earnings
- 2/15/24 - Beat
CRBG
Sec Filings
- 4/29/24 - Form ARS
- 4/29/24 - Form DEFA14A
- 4/29/24 - Form DEF
- CRBG's page on the SEC website