Do Americans Have Enough for Retirement?

Planning for your own future is one component of setting up your retirement plans. But have you also thought about how the assets you own will be passed on to future generations? Retirement is a two-way street.

According to a new study shared on CNBC.com, around 100 million Americans are currently covered by defined contribution plans. These assets are growing in value and are now worth more than $7.5 trillion. Most of this money is stored in 401(k)s.

What’s troubling about that study, however, is that the size in the accounts is small, especially when the age category is broken down to older Americans. Older Americans not only need to worry about living longer, but about having enough assets to protect them in the event of a long-term care problem.