New Survey of Financial Advisors Identifies Top Advice for Retirement Planning 5, 10 and 20 Years Out.
Advisors from the National Association of Personal Financial Advisors (NAPFA) Say Tax Planning and Emergency Savings Critical; Longevity Most Pressing Issue For Consumers and Policymakers
Chicago, IL – To adequately prepare for retirement, Americans need to minimize taxes, save for emergencies and be prepared to live longer than their parents, according to NAPFA-Registered Financial Advisors who ranked a comprehensive list of tried and true advice for people who are five, 10 and 20 years away from retirement.
According to the Federal Reserve’s 2014 survey on the Economic Well-Being of American Households, 39 percent of Americans indicated that they have given little or no thought to financial planning for retirement. Furthermore, 31 percent of non-retirement respondents have no retirement savings or pensions whatsoever.
To see highlights of the recommendations made by NAPFA Registered Advisors, click here.