Half of retirees have a nice 'problem' to tackle [CNBC]
Alphabet Inc. - Class C Capital Stock (GOOG)
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Source: CNBC
show chapters While no one is going to throw a pity party, there is a growing problem half of retirees face. With retirement account balances at an all-time high , the percentage of Americans projected to be able to maintain their standard of living in retirement rose 2 percentage points from last year, to 50 percent, according to the most recent data from the Center for Retirement Research's annual National Retirement Readiness Index. Now, thanks to smart planning — and market highs — more soon-to-be retirees are discovering that their nest egg is just where they want it. Average retirement balances Account type Q2 2017 Q1 2017 One year ago 5 years ago 401(k) $97,700 $95,500 $89,100 $73,300 IRA $100,200 $98,100 $89,600 $73,100 SOURCE: Fidelity Investments Paul West, a managing partner at Carson Wealth Management in Omaha, Nebraska, said he has been fielding more call
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