Two trends are driving America's 'retirement crisis': BlackRock

The current state of retirement in the US is, in a word, bleak. A poll by the Employee Benefit Research Institute found that just 21% of respondents are “very confident in their ability to have enough money to live comfortably throughout retirement. “ About 90% of registered voters believe the US is experiencing a retirement crisis, according to BlackRock's latest Rethinking Retirement report. The Federal Reserve says that one in four Americans has no retirement savings, and the Morningstar's Center for Retirement and Policy Studies, has said that 45% of Americans will run out of money in retirement. In the episode of Decoding Retirement, Robert “Bob” Powell and Anne Ackerly, BlackRock’s senior advisor on retirement, discuss the looming crisis, the role of stocks in retirement planning, and strategies for turning assets into income. In the ‘Ask Bob’ segment, Powell breaks down the differences between subsidized and unsubsidized loans and identifies and explains the key factors that impact your credit score. Yahoo Finance's Decoding Retirement is hosted by Robert Powell.
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[@brucehoodb]

My spouse is already panicking, so many questions! will the rate cut lead to inflation? I'm very worried about my $1million stock portfolio losing value. Do i move to 100% cash? What strategies should I be employing in my portfolio right now?

[@lekely4115]

I've been through the 'bonds and beating stocks' periods since the 90s with no bonds and with all aggressive stock mutual funds. At 63, my IRA and cash accounts are far more than I expected for my retirement. I can easily handle a worst-case stock crash, Thanks to my trade advisor Gabriel Alberto William

[@brucehoodb]

How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings

[@lekely4115]

Gabriel alberto william is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment

[@brucehoodb]

I just checked him out on google, I have sent him an email and I hope he gets back to me soon

[@TruthOpinion]

This thread is scam

[@sppcc2006]

Two key trends - 1. People are living longer. 2. Shift from defined benefits to defined contributions Retirement plan.

[@SrikarKura]

Regarding guaranteed income from the 401k, what is the backup plan if the company behind this guaranteed income scheme goes bankrupt? How will people who invested in these schemes recoup their money? I am asking this question because these guaranteed income schemes have a tenure of more than 10, 15, 20, or more years, anything can happen during these long periods.