According to the Special Committee on Aging by the U.S. Senate, advances in public health and medicine have allowed Americans to live and work longer. Those who are aged 55 and over are expected to make up nearly 25% of the workforce by 2026, which represents an increase from 35.7 million in 2016 to 42.1 million in 2026.<\/span><\/p> These changes may present opportunities for people to save longer, provided they remain healthy.<\/p>"
}
}
,
{
"@type": "Question",
"name": "What Are a Few Retirement Savings Tips?",
"acceptedAnswer": {
"@type": "Answer",
"text": " When it comes to saving for retirement<\/a>, a disciplined plan of socking away even a small portion of savings each month can easily add up over time. Many brokerages<\/a> offer no-minimum, no-fee retirement accounts that let individuals make automatic monthly deposits.<\/p> Furthermore, many employers<\/a> offer 401(k)<\/a> programs that automatically invest a portion of a worker's paycheck. The company may match part of those contributions<\/a>, or make a nonelective contribution<\/a>.<\/p>"
}
}
,
{
"@type": "Question",
"name": "How Much Should I Save For Retirement?",
"acceptedAnswer": {
"@type": "Answer",
"text": " Typically, retirees will need 80% of their pre-retirement income to continue their current standard of living.<\/span> Calculate your current monthly expenses, and adjust it to 80% of that number.<\/p>"
}
}
]
} ] }
]