Survey identifies lack of intergenerational planning
December 6, 2013 by Warren S. Hersch
Countless studies have demonstrated that individuals who diligently plan for their retirement are better off financially, and feel more confident about their retirement prospects, than those who don’t. As the saying goes, “people don’t plan to fail; they fail to plan.”
So a key finding of a new study from Hearts & Wallets LLC should come as little surprise: That Americans who establish target goals, a key component of planning, save nearly two-thirds as much as those without goals — $4,619 in mean savings dollars as compared to $2,764. Click here to read…