Ben and Brent dive deep into Vanguard’s 31-page study on America’s retirement readiness released in 2023. The news isn’t great, as the title of the episode implies. Most Americans will be forced to make less-than-comfortable decisions during their golden years to keep solvent. They discuss what this means for people in this situation and what investors can do today to set themselves up for a retirement full of options.

In today’s episode, we talk about:

1. How much to people need?
2. How much to people have?
3. Why the difference?
4. What can you do to be successful?

For more questions, email us at trevor@nwmgadvisors.com

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Vanguard Study:

https://corporate.vanguard.com/content/dam/corp/research/pdf/the_vanguard_retirement_outlook.pdf

https://www.cnbc.com/2023/06/03/fidelity-how-much-americans-have-in-their-401ks-at-every-age.html

Fidelity Guide to retirement savings:

https://www.fidelity.com/viewpoints/retirement/retirement-guidelines#:~:text=Fidelity's%20estimate%20is%20to%20save,my%20savings%20cover%20in%20retirement%3F

Retirement Savings Needed by Age:

https://am.jpmorgan.com/us/en/asset-management/protected/adv/insights/retirement-insights/guide-to-retirement/

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The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. Economic forecasts set forth may not develop as predicted and there can be no guarantee that strategies promoted will be successful. This information is not intended as authoritative guidance or tax or legal advice. You should consult with your attorney or tax advisor for guidance on your specific situation. Brent Gargano is not affiliated with LPL Financial.

Bonds are subject to market and interest rate risk if sold prior to maturity. Bond values will decline as interest rates rise and bonds are subject to availability and change in price. Stock investing includes risks, including fluctuating prices and loss of principal. No strategy assures success or protects against loss. There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk. Mortgages are not available through LPL Financial.

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