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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Plus, FoxPointe launches AI Services for SMBs; Avalara announced new agent hub; and other accounting tech news and updates.
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The Governmental Accounting Standards Board released an implementation guide with questions and answers clarifying the requirements related to subsidies.
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