America Rethinks Retirement as Boomers Age
>CHARLOTTE, N.C. (TheStreet) — Andy Sieg, head of retirement & philanthropic services at Bank of America, described “a critical, transformative time in the world of retirement and benefits” during a speech this month at the SPARK National Conference , an annual event for the retirement services industry.
Seventy-six million baby boomers are getting ready to retire. About 43% of Americans say they have less than $10,000 saved for retirement. Almost a quarter of workers plan to postpone retirement and only 16% of workers are confident they are saving enough for retirement.
Rather than echo the doom and gloom of many in his field, Sieg sees long-term positives in how America is rethinking retirement. Full Post…