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Stock impact report

Americans claim comfortable retirement requires $1.2m [Yahoo! Finance]

Broadridge Financial Solutions, Inc. (BR) 
Last broadridge financial solutions, inc. earnings: 1/31 07:00 am Check Earnings Report
US:NYSE Investor Relations: broadridge-ir.com
Company Research Source: Yahoo! Finance
While 46% anticipate having less than $500,000 saved, 23% stating they will have less than $250,000. The average age at which members of the plan anticipate retiring is 63, and only 29% think they will make $1m before they retire. Findings 28% of plan participants lack knowledge about retirement asset allocation, with those who understand it indicating emotional investment across all investments. 66% of retirement account participants fear losing money in stock market downturns, while 24% are uncertain about investing their cash holdings. Moreover, 70% of respondents consider their workplace plan as their primary retirement asset, while 59% desire more employer guidance on investment, and 42% are not working with a financial adviser. 49% of plan participants reported significant increase in investment portfolio value in 2023, but 40% lack protection strategies, 60% worry excessively about money, and 39% lose sleep. Additionally, 88% of US retirement savings participants Show less Read more
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