If you’re like most Americans, you’re undersaved, underplanned and underprepared for retirement.
In fact, 55% of employed Americans surveyed by Bankrate.com say they are behind on their retirement savings goals. The stock market, which declined significantly in 2022, was a definite stressor for savers, with the average 401(k) balance down by 23%, according to financial services behemoth Fidelity.
