About one-quarter of U.S. adults age 50 and older who are not yet retired say they expect to never retire and 70% are concerned about prices rising faster than their income, an AARP survey finds.
About 1 in 4 have no retirement savings, according to research released Wednesday by the organization that shows how a graying America is worrying more and more about how to make ends meet even as economists and policymakers say the U.S. economy has all but achieved a soft landing after two years of record inflation.
Everyday expenses and housing costs, including rent and mortgage payments, are the biggest reasons why people are unable to save for retirement.
I’ve got retirement funds scattered across a half-dozen different companies and honestly I have no idea how to find it. Probably doesn’t amount to more than $150k anyway. Could be half that - I really have no way of knowing. I was planning on never retiring, but the job market says otherwise. I might already be retired. Six weeks into my job search with 25 years of experience and not even an interview much less an offer. It hasn’t been this bad since 2010.
Wow, you sound pretty nonchalant about losing $150K!
I mean it’s somewhere. I don’t know what companies hold it but I’m sure there are records somewhere. I probably have to dig through emails up to a decade back - assuming I used personal emails instead of work emails. It really doesn’t matter for another nearly twenty years. I’m sure it’ll turn up.
I sort of have to not think about it to avoid obsessing over it. I’m sure I’m not the first person to not know what institutions hold their 401Ks. There a system for figuring it out.
Rolling funds over to consolidate is free and easy, but you have to find it first and do some paperwork. It would really help you to have it all together in one spot that you can pay attention to (yes, that was me a few years back).
Hopefully not your scenario but