A recent survey by asset management firm Schroders revealed that only 4% of retirees feel they are "living the dream," while another 4% are "living the nightmare."

In recent years, Americans have adjusted their retirement savings targets significantly.

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Larry Fink, CEO of BlackRock, points out in his annual letter that the U.S. retirement system is under a lot of pressure due to Americans living longer and spending more years in retirement.

Progressive investors, including California Public Employees’ Retirement System (Calpers) and New York City’s public-worker pension funds, are seeking to remove Chairman Akio Toyoda from his position at Toyota.