Among the wide-ranging findings in Fidelity Investments’ 2021 State of Retirement Planning Study, released March 24 (see related article here), are six basic retirement “rules of thumb” that most Americans are getting wrong.
Fidelity’s national online survey consisted of 1,204 adult financial decision-makers who were not retired. Respondents had at least one investment account and those over age 34 had at least $100,000 investable assets.
The study uncovered several areas of opportunity when it comes to helping 401k savers gain a better understand of common retirement rules of thumb. Among them: