Employers, as sponsors of defined contribution plans, can play a role in providing retirees with tools to help draw down their defined contribution plan assets in retirement.
The wage gap and lifetime income gap between men and women present many challenges for those preparing for retirement. Recent research from T. Rowe Price finds that while there is slight progress among women saving for retirement, the gap between men's and women's retirement savings persists—a likely follow-through resulting from lower lifetime earnings.
While the majority of retirees won't experience a shock, everyone needs to plan for it.
A NEW WAY TO CALCULATE HEALTH CARE COSTS IN RETIREMENT. A recent survey from T. Rowe Price found that retirees list health care as their top spending concern. That's not surprising given some studies' six-figure predictions on costs. However, we believe that there's a more effective - and less intimidating - way to calculate and plan for future retiree health care expenses.
Contact your T. Rowe Price representative to find out how we can take your plan to the next level.