Although many Americans hope to retire as millionaires, many are on a track that falls considerably short, according to a USAA survey conducted by Harris Interactive.According to the results, 51 percent of employed U.S. adults who are not retired say that they want to save $1 million or more for retirement, but 30 percent haven't set aside anything at all. In fact, only 26 percent have saved more than $50,000. To make up for the shortfall, 39 percent have asked their parents for money, while 13 percent have turned to a sibling and 11 percent have approached another family member.
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Investors mostly favor the continued use of quarterly reporting and rejected the SEC's recent proposal for a semiannual reporting option, according to a survey.
8h ago -
Plus, KPMG names new int'l leaders; a new director of enforcement at the PCAOB; and other firm and personnel news from across the profession.
9h ago -
Firms are sourcing new solutions from field staff to expand their tools and upskill their professionals. But they aren't just throwing together programs and calling it a day.
10h ago -
Plus, Canopy announces Canopy Close Automation in open beta; MYCPE ONE rolls out managed cybersecurity services for businesses; and other news.
10h ago -
The Electronic Tax Administration Advisory Committee report calls for sustained IRS funding, human-centered design, fraud prevention and preparer regulation.
June 18 -
Disbarred lawyer; frozen bank accounts; bridal shop scam; and other highlights of recent tax cases.
June 18







