Because the cost of living and other factors can vary so greatly from state to state, not every American succeeds in reaching their retirement funding goals without some assistance from a senior financial advisor. Here, we lay out the report by CNBC, which outlines the amounts that Americans tend to have saved up for retirement for seniors from the ages of 60 to 79.
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According to the 2020 report, only 14 percent of seniors from 60 to 69 years manage to save the amount needed to live comfortably in Pennsylvania, while 19 percent between 70 and 79 years achieved the same. By enlisting the support of a qualified financial advisor, you can ensure that your loved one is building their retirement fund with the guidance they need.