Dear Advisors, Four in 10 Say They Need $1 Million To Retire Happy

April 12, 2017 by Brian O'Connell

Here’s an “uphill climb” in the making for financial specialists.

About 40 percent of U.S. career professionals estimate they’ll need $1 million to “retire comfortably,” according to a new Employee Benefits Research Institute study.

Yet the average 401(k) balance at Fidelity-administered retirement plans is only $92,500 in 2017, according to the company. (Although that figure is up $4,300 from 2016.)

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Originally Posted at InsuranceNewsNet on April 12, 2017 by Brian O'Connell.