By Chad Creveling, CFA, and Peggy Creveling, CFA
It's not news that we're facing a retirement crisis. According to a recent U.S. study conducted by PWC: “There are too many signs suggesting the population is unprepared. A quarter of US adults have no retirement savings and only 36% feel their retirement planning is on track. Even for those who are saving, many will likely come up short.” PWC found that those immediately approaching retirement (55- to 64-year-olds) only had about U.S. $120,000 saved for retirement.