Recent data from Fidelity Investments shows that Americans are increasingly using their retirement savings to cover housing and medical bills due to higher cost-of-living pressures. Only 10% of Americans have 'optimal' retirement savings traits, while the average American's retirement balance has fallen 4% as more individuals dip into their savings. The decision of when to retire is found to have little to do with the amount saved for retirement, according to a report. CNBC provides detailed information on how much money individuals need to save for retirement based on their age and annual salary, as well as the impact of potential cuts to Social Security benefits. The right retirement state of mind is found to boost savings, according to an analysis.
Retirement Accounts: Consumers Pull Money From Savings to Pay Bills https://t.co/PRDl2rnrxb There's a lot of conflicting economic data now.
Here's how much you will need to save to retire with $1 million if your annual salary is $80,000 https://t.co/V6VxvHH5sJ
The right retirement state of mind can boost your savings, analysis finds https://t.co/ZHHKsYWQrC by @KerryHannon
Americans are increasingly tapping their retirement savings to cover housing and medical bills amid higher cost-of-living pressures, according to Fidelity Investments https://t.co/qqG3hF8XFq
Here's how much you need to save to retire with $1 million if you're making $120,000 a year https://t.co/rN16bfxkvg
Here's how much money you should have saved for retirement by age 30, 40, 50 and beyond https://t.co/PqeVAeItDA
How much money can you spend in retirement? The math just got slightly rosier. https://t.co/5FzujpgSNE https://t.co/5FzujpgSNE
More and more Americans are reaching into retirement savings for funds to cover their bills pronto — all while their 401(k) balances are down. https://t.co/ViSGgrrp0p
Here's how much you need to save every month to earn $60,000, $70,000 and $80,000 per year in interest for retirement https://t.co/SVHwQsBpU4
Decision of when to retire has little to do with how much you've saved for retirement, report finds https://t.co/LnHxhXLL3y
Americans Increasingly Tapping Into Their Retirement Accounts To Make Ends Meet https://t.co/tKBnk6vTJR
If Social Security benefits were cut, here's how much more you'd need to save for retirement https://t.co/uvjmD9hfkw
Here's how much you need to save each month to earn $40,000, $50,000 and $60,000 per year in interest for retirement https://t.co/3bsrt7BF3o
Here's how much you need to save every month to earn $80,000, $90,000 and $100,000 per year in interest for retirement https://t.co/CwJxeT6LBQ
Americans are increasingly tapping their retirement savings to cover housing and medical bills amid higher cost-of-living pressures, according to Fidelity Investments https://t.co/m1EjhCB3O1 via @economics
Americans Still 'Trust' Their Savings Account Most https://t.co/hFMQCzvIRw
'Americans are increasingly tapping their retirement savings to cover housing and medical bills amid higher cost-of-living pressures, according to data released Monday from Fidelity Investments.' https://t.co/TimPB7Wdkk
Retirement Accounts Are the New Emergency Funds https://t.co/dvqsfRYB7J
Has YOUR 401(K) shrunk? Average American's retirement balance falls 4% as more and more savers dip into their later life savings to make ends meet https://t.co/pcmZifJDyJ https://t.co/abqGgx3KZm
Americans are increasingly tapping their retirement savings to cover housing and medical bills amid higher cost-of-living pressures, according to Fidelity Investments https://t.co/083a7KAbxl
Americans are increasingly tapping their retirement savings to cover housing and medical bills amid higher cost-of-living pressures, according to Fidelity Investments https://t.co/DBlS8u0BA8
Only 10% of Americans have 'optimal' retirement savings traits https://t.co/HYnjlxaeI5 https://t.co/Ry5Cy3yVX3
Only 10% of Americans have 'optimal' retirement savings traits https://t.co/hmit2gWEuZ https://t.co/spFpY2KtZH
How much money can you spend in retirement? The math just got slightly rosier. https://t.co/mL6nIjIU3v https://t.co/mL6nIjIU3v
Here’s how much money you will need to invest to save $500,000 for retirement, broken down by age. https://t.co/48vMNA0Q1v https://t.co/lsrhMp9bR5