January 9th, 2025 by WCBC Radio

33% of American workers are prioritizing long-term retirement planning, making it atop financial goal.  As employees look towards preparing for retirement, data shows employees underestimate the costs of healthcare in retirement, with only 7% believing their healthcare costs will total more than $100,000.  To know just how much may be needed, Kai Walker, Head of Retirement Research at Bank of America, suggests asking a financial professional…

   

“Consider working with a financial professional such as a financial advisor who can look at your overall situation such as in terms of what you have saved – all your assets and so forth, what you anticipate your needs to be in the long term.”