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March 08, 2010

51% MAY STRUGGLE IN RETIREMENT

The at-risk percentage varies across income levels, from 60% among low-income households to 47% for middle-income and 42% for high-income households.  Recent economic problems, loss of retirement fund asset value, high unemployment and client frustration and cynicism are all contributing factors to this growing crisis, according to those who conducted the survey.  General recommendations for a more secure retirement include saving and investing more, diversification of investment portfolios, reduction of debt, and responsible spending habits.

Visit our Asset Management pages to learn how Covenant Trust Company can help.

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