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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
Tags >> personal savings

Will today's pre-retirees retire comfortably?

Posted by RJ and Makay on Apr 12, 2011

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Will today's pre-retirees retire comfortablyNearly half of people between the ages of 45 and 65 say they don’t feel confident in their retirement planning, according to a poll by the Associated Press and LifeGoesStrong.com, a lifestyle website for Baby Boomers. Pre-retirees will therefore be counting heavily on Social Security to fund their retirement, the poll also shows.

Of the pre-retirees polled, 44% didn't feel confident about having enough money to live comfortably in retirement. When asked which income sources will be very or extremely important for them in retirement, 65% named Social Security. Here's how other key income sources ranked: