Three Quick Retirement Facts

Below are three retirement facts we thought you would find interesting:

1. A recent survey revealed that just under half of workers feel they are very likely to meet their retirement goals, which is fewer than last year. On average, workers think they need $1.7 million saved for retirement.¹
2. Companies are recognizing that their employees have financial needs outside of the retirement plan with 43% of employees defining their current household financial situation as living paycheck to paycheck, and just 32% can cover a one-time, unexpected $500 expense.²
3. Workers most often consider performance when choosing retirement investments in their workplace retirement plan. Only 1 in 5 take risk tolerance or fees into consideration.³

Whether you are looking to start or transfer an existing 401(k) plan or are exploring other retirement vehicles such as a SEP-IRA, Jemma Financial can help you get the most out of your employer-sponsored retirement plan. Jemma provides comprehensive solutions that fit your organization to not only attract and retain employees but also give employees an opportunity to save for retirement.

We look forward to the opportunity of sharing our thoughts on ways to help your business and employees get the most out of your company’s retirement plan. Let’s start the conversation.

Sources: 1. Schwab, 2. PLANSPONSOR, 3. ebri.org