Resources

3 Did You Knows

• Employee Benefits Security Administration - https://www.dol.gov/agencies/ebsa
• U.S. Department of Labor - https://www.dol.gov/
• Internal Revenue Service (IRS) - https://www.irs.gov/
• Pension Benefit Guaranty Corporation - https://www.pbgc.gov/
• Social Security Administration - https://www.ssa.gov/

Two-thirds of Generation Z workers (born from 1997 to 2012) are saving for retirement through a 401(k) or similar plans and/or outside the workplace—and they started saving at age 19 (median). Those participating contribute 20% (median) of their annual pay.
Source: Transamerica Center for Retirement Studies - Post-Pandemic Realities: The Retirement Outlook of the Multigenerational Workforce 7/23

On average, women live six years longer than men and, as a result, their dollars need to stretch to cover a longer retirement. In recent years, more women are feeling on track with their retirement savings since 2019, up 5%, while fewer men feel on track since 2019, down 12%. Boomer women are feeling the most confident since 2019, up 39%.
Source: Fidelity Investments Study- Women Tapping Into Their Financial Superpowers, 10/23