Boomer Regrets on Finances
This is a news story, published by Yahoo Finance, that relates primarily to BI news.
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retirement aspectInsider
•1,200 baby boomers told us what they regret about investing for retirement
86% Informative
Nearly 1,200 older Americans shared with BI their financial regrets about saving for retirement.
Many said they wished they'd been better prepared for an emergency.
A major theme among survey respondents was that they lacked knowledge about investing.
Are you an older American with any life regrets that you would be comfortable sharing with a reporter?.
Bank of America's Financial Wellness Tracker suggests that Americans ages 61 to 64 should have about 8.5 times their current salary in savings.
Someone with $1 million in savings at 65 can safely withdraw $ 40,000 in their first year of retirement.
For some, saving just 1% more could have significant financial rewards down the line.
VR Score
89
Informative language
89
Neutral language
64
Article tone
informal
Language
English
Language complexity
40
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not offensive
Hate speech
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Attention-grabbing headline
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Time-value
medium-lived
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15
Source diversity
7
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