TIAA-CREF CEO Roger W. Ferguson recently wrote a piece encouraging policymakers and consumers to think about reframing retirement planning.
Ferguson urges readers to focus on the primary objective of a stable stream of retirement income that lasts throughout retirement rather than wealth accumulation.
Ferguson cites a McKinsey & Company survey that suggests the average American household will fall $250,000 short of what is needed to fund a secure retirement.
Source: Huffington Post
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