The United States earned a C+ in a recent global study conducted by the Mercer CFA Institute Global Pension Index. Among retirement weaknesses in the United States, one is that almost 50% of American families have no retirement plan.
“Retirement savings coverage and institutional quality retirement vehicles remain out of reach for many Americans, creating a significant adequacy gap that needs to be addressed”—Katie Hockenmaier, partner and U.S. defined contribution research director at Mercer
What are some of the major challenges people are facing while trying to save for retirement, and what potential solutions could help them save more effectively?
Watch the video below for exclusive executive insights on this topic from Edmund C. Moy, 38th Director of the U.S. Mint and Senior IRA Strategist for U.S. Money Reserve.
Related headlines from around the web:
- Fox Business: “U.S. retirement system earns just a C+ in global study”
- Barron’s: “401(k)s Replaced Pensions. Retirement Savings Are Still Coming Up Short.”
- Reuters: “Gold climbs over 1% after U.S. data cements Fed pause bets”
Protect your portfolio with precious metals today.
Gold has historically been used as a hedge against economic uncertainty and market turbulence. As paper-based assets like stocks continue to experience volatility and inflation continues to deflate the dollar’s purchasing power, now may be the perfect time to add wealth protection to your portfolio in the form of physical gold.
Watch U.S. Money Reserve’s “Market Insider” each week for more economic insights. Nothing herein should be considered as portfolio or retirement advice as U.S. Money Reserve (“USMR”) cannot and does not offer financial advice. Clients should consult a financial advisor for specific advice. This commentary is provided by USMR for informational purposes only and is provided on an “as is” basis without any warranty of any kind, whether express or implied.