Research indicates that the number of individuals at risk of being unable to maintain their pre-retirement standard of living once they are retired, has incresed sharply over the last 20 years.
1. People are not saving enough and those who are have been victim to volatile markets
2. Social Security is providing less than in the past 3. Retirement & Healthcare costs are rising while interest rates are at all time lows - People are living longer than ever 4. The majority of retirees today do not have a pension plan to provide income.
Prudential says there are 3 Important Steps individuals and institutions can take to improve your retirement security.
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