A review of retirement readiness studies from the Government Accountability Office yielded "mixed evidence" about pre-retirees' ability to maintain their standard of living into retirement. The GAO produced the review after more than 12 months of research.
The review was requested last year by Sen. Bernard Sanders, I-Vermont, the self-proclaimed socialist, candidate for the Democratic presidential nomination, and ranking member of the Senate Subcommittee on Primary Health and Retirement Security.
Different assumptions about income requirements largely explain the disparity in assessments, the report said.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
