We’ve all heard stories about financial abuse targeting elders and the bad news is it’s only getting worse. Elder financial abuse includes scams and other exploitation targeting the savings of people ages 60 and older.
4 Retirements found.
Today there is approximately $5.2 Trillion saved in 401(k) plans on behalf of more than 55 million active participants. Retirement plans established under Section 401(k) of the Internal Revenue Code, commonly referred to as “401(k) plans,” have become one of the most popular types of employer-sponsored retirement plans.
There are more than 68 million people currently receiving some form of Social Security benefits. Approximately 65 percent of these beneficiaries are retirees.