Retirement savings are critically low

With life spans increasing and the number of companies offering traditional pensions dwindling, retirement is reaching crisis level for many workers. According to recent data from the Employee Benefit Research Institute, 28% of Americans say they don't think they'll ever be able to retire comfortably. Companies are also worried about employees' retirement as they will likely have to contribute more money to make up for longer life spans. In September, the Society of Actuaries updated its mortality projections for U.S. retirement plans, and companies must start using these new assumptions this year. Find tools and resources to help your clients save for retirement at 360 Degrees of Financial Literacy.

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