Retirement is the most expensive purchase most people will make,yet many Americans are underfunding their retirement, according to anew study from Merrill Lynch and Age Wave.
The study, Financesin Retirement: New Challenges, New Solutions, is thecapstone of a four-year, 50,000-respondent investigation into thechanging lifescape of retirement conducted by MerrillLynch and Age Wave.
The study reports that retirement carries the highest averageprice tag compared to life's other biggest expenses, such as buying a home,raising a child and paying for college.
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Emily Zulz
Emily joined the ThinkAdvisor team as a reporter in the summer of 2014. She previously worked as a reporter for The Daily Journal in Kankakee, Illinois for a year and as a reporter and editor for The Daily Eastern News in Charleston, Illinois for two and a half years. Prior to joining ThinkAdvisor, Emily worked on Groupon’s editorial team in Chicago as a fact checker for three years. She graduated cum laude with a BA in journalism from Eastern Illinois University, and she has been the recipient of two journalism awards for her news reporting at daily newspapers.
