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Stock impact report

New retirees' top regret: Not saving more money [Yahoo! Finance Canada]

LPL Financial Holdings Inc. (LPLA) 
Last lpl financial holdings inc. earnings: 4/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.lpl.com
More than half of people who retired in the past five years already regret not saving enough, and nearly 3 in 10 wish they'd started saving earlier, according to from the Nationwide Retirement Institute. As the expression goes, hindsight is 20/20. “The rising costs for essentials and healthcare have increased uncertainty and stress among retirees,” Kevin Jestice, president of Nationwide Retirement Solutions, told Yahoo Finance. “And they've had to be more conservative with spending compared to their pre-retirement expectations.” When retirees were asked what advice they would give their younger selves, the answer was: “Assume you will need more money than you think, don't assume you can work as long as you'd like, and don't live beyond your means prior to retirement.” Only 1 in 5 have been able to refrain from tapping retirement savings by relying exclusively on the guaranteed income of a pension and/or Social Security. Translation: The vast majority rely on their retiremen Show less Read more
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