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Stock impact report

This top concern of U.S. retirees is a ‘huge risk factor,' says retirement expert—here's how to plan for it [CNBC]

Genworth Financial Inc (GNW) 
Last genworth financial inc earnings: 10/29 05:10 pm Check Earnings Report
US:NYSE Investor Relations: genworth.com/corporate/investors.html
Company Research Source: CNBC
But living in retirement comes with some concerns, too. Among current retirees, 31% say declining health or illness is their biggest worry, according to CNBC's August 2024 Your Money retirement survey conducted with SurveyMonkey — the most common response. Dealing with health-care costs was the second-most prevalent concern, at 16%, with another 14% saying they fear running out of money. For millions of Americans, those worries tend to converge in troubling ways. Consider Morningstar's recently updated model of U.S. retirement outcomes . After factoring in spending, investing and life expectancy data, among a litany of other factors, researchers forecast that 45% of U.S. households will run short on money in retirement. While certain behaviors, such as investing over a long period in a workplace retirement account, drastically boost your odds of fully funding your retirement , researchers say, one factor nearly always has the opposite effect. “Long-term services and supports Show less Read more
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