Retirement Readiness

1. What is the maximum amount that an individual (age 50 or below) can contribute to a Traditional or Roth IRA in 2020?

2. According to a recent First Citizens customer survey, approximately what percent of First Citizens Bank clients age 55 or older would like to receive investment or retirement advice from us?

3. As a rule of thumb, what percentage of your pre-tax income should you be saving for retirement?

4. According to the 2019 Bureau of Labor Statistics, what percentage of Americans (pre-retirees) age 45-59 perceive that they are on track with their retirement savings?

5. Which of the following items represents a threat to sound retirement income planning: