Retirement Trends

The perspective from the 24th annual Retirement Confidence Survey is likely to garner a lot of attention.

In the first year alone, as many as 900,000 accounts would not be opened, and between now and 2030, that number would jump to approximately 20 million, the IRI said.

While 93 percent think they should contribute some portion of their income toward retirement and half believe it should be more than 10 percent, only one-fifth are currently saving 10 percent or higher.

As head of alternative investments for AT&T from 1980 to 1995, Judge helped establish the first ties between institutional investors and startup ventures.

The Hispanic Caucus said that the fiduciary definition is important to its community because low and middle-income Hispanics have retirement plan savings almost 40 percent lower than other low and middle-income individuals.

Social Security accounted for $1.39 per hour, or 4.7 percent of total compensation, while retirement and savings benefits accounted for $1.10 per hour, or 3.7 percent of compensation.