"Have you reached the pension pot target for your age bracket? Around six in 10 Irish workers feel they're not on track for a reasonable standard of living in retirement, according to a recent survey. The research, carried out by investment firm BlackRock, found that more than half of us feel we're not contributing enough to our pension savings - but what is "enough"?"
"The research, carried out by investment firm BlackRock, found that more than half of us feel we're not contributing enough to our pension savings - but what is "enough"?"
Around six in ten Irish workers feel they are not on track for a reasonable standard of living in retirement. Research by investment firm BlackRock found that more than half of workers feel they are not contributing enough to their pension savings. Many workers therefore face uncertainty about the adequacy of current contribution levels and about what constitutes an appropriate pension pot target for each age bracket. Determining adequate pension targets requires assessing current income, projected retirement expenses, expected state pension entitlements, investment returns, and potential longevity.
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