retirement
Changing retirement expectationsPosted by RJ and Makay on May 24, 2012 |
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American workers have adjusted their retirement expectations after the realities brought on by the Great Recession, according to the 13th Annual Transamerica Retirement Survey released this week. The survey showed that 56% of workers plan to work past age 65, and 54% expect to continue working after they “retire.” Only 39 percent believe they are on track for a sufficient retirement nest egg.
According to a survey from Ameriprise Financial, despite increased uncertainty about the economy and their own financial security, baby boomers continue to prioritize their family’s needs over their own. While some baby boomers struggle to cover their own cost of living, they still strive to cover medical bills, college loans and utilities for their parents and adult children.
49% of Americans are not contributing to any retirement plan, according to a new Life Insurance and Market Research Association (LIMRA) survey. And those age 18 to 34 are more likely (56%) than other age groups to not be saving for retirement. The survey also showed that only 25% of all Americans and less than a third of Americans over 50 have worked with a financial professional for retirement planning.
