Cost of Retirement Income Jumps 33% Despite Equity Market Gains

Investor's Business Daily - Investing RSS http://ift.tt/1zDS6Mb At a Glance Despite double-digit gains in equity markets, workers in their 50s and early 60s are less prepared for retirement than they were 12 months ago. In fact, the estimated cost of future lifetime retirement income for 55-year-olds jumped 33.28% in the 12 months that ended Dec. 31, effectively wiping out savings gains. This is because the estimated cost of future lifetime retirement income, as tracked by the BlackRock CoRI Retirement Indexes ("CoRI