The big problem with couples retiring at different times? Overspending. [Yahoo! Finance]
Ameriprise Financial, Inc. (AMP)
Last ameriprise financial, inc. earnings: 1/29 04:10 pm
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Source: Yahoo! Finance
No, I'm not crazy, nor alone. The problem is the amount we spend each year is far from stable and predictable for the majority of retirees, according to a recent report And that means trouble if you're planning for a smooth-sailing retirement. “A majority of retirees experience significant changes in their spending patterns over time; about half experience ongoing volatility, or an annual change of 20% or more — either higher or lower,” Sharon Carson, a retirement strategist at JPMorgan Asset Management and the author of the report, told me. The big trouble, however, is with couples retiring at different times — and how it impacts long-term financial security. More than half of American households do not retire all at once if you count individuals working in retirement and spouses retiring at different times. The result is that 6 in 10 couples “experience spending volatility at the beginning of retirement and experience both major ups and downs from year to year,” Carson said
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- Ameriprise Financial, Inc. (NYSE: AMP) was downgraded by analysts at The Goldman Sachs Group, Inc. from a "buy" rating to a "neutral" rating. They now have a $476.00 price target on the stock, down previously from $485.00.MarketBeat
AMP
Earnings
- 7/24/24 - Beat
AMP
Sec Filings
- 9/4/24 - Form 4
- 9/3/24 - Form N-PX
- 8/30/24 - Form 144
- AMP's page on the SEC website