50% of retirees left the workforce earlier than planned.*

*2015 Retirement Confidence Survey, EBRI

Only 48% of Americans know how much money to save for retirement.*

*2015 Retirement Confidence Survey, EBRI

57% of U.S. workers have saved less than $25,000 for retirement.*

*2015 Retirement Conference Survey, EBRI

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Election Day Takeaways | Weekly Market Commentary | November 11, 2024

Election Day Takeaways | Weekly Market Commentary | November 11, 2024

The clouds of uncertainty parted last week as former President Donald Trump decisively won the U.S. election, making him the second U.S. president to win non-consecutive terms (Grover Cleveland was the first to do it back in 1892). Investors welcomed the news with renewed risk appetite, bidding the S&P 500 to its 50th record high of the year on Friday. Trump’s proposed economic policies, including deregulation, a likely extension of the 2017 tax cuts, a possible corporate tax rate cut, and proposed tax exemptions on tips, social security, and overtime pay helped underpin buyer enthusiasm. The immediate de-risking of when the election will be decided was another big factor behind the post Election Day rally.

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