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Stock impact report

Many Americans Plan To Retire on $1,500 or Less — Is This Realistic? [Yahoo! Finance]

Genworth Financial Inc (GNW) 
Last genworth financial inc earnings: 10/29 05:10 pm Check Earnings Report
US:NYSE Investor Relations: genworth.com/corporate/investors.html
Company Research Source: Yahoo! Finance
Discover More: Cutting Expenses in Retirement: 9 Things To Downsize (That Aren't Your Home) Try This: One Smart Way To Grow Your Retirement Savings in 2024 While some costs can decrease, such as if you've finished paying off your mortgage by then, others can increase, such as if you want to travel more. To help you figure out whether you'll be able to retire on $1,500 or less, GOBankingRates reached out to experts for their insights. Here's what they had to say. Sponsored: $20k or more in credit card debt? Lower the amount you owe in just 3 simple steps. Irregular Expenses In the recent GOBankingRates retirement survey, 56% of Americans said they plan to live on $1,500 a month or less in retirement (aside from housing costs). Yet for many, this is an unrealistically low amount, especially when you consider irregular expenses. “It feels like this amount would not provide enough cushion for the ‘what-ifs' that could occur,” said Regina McCann Hess, certified divorce finan Show less Read more
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