A recent survey by the Insured Retirement Institute (IRI) found that more than one-third of pre-retirees do not know the age at which they will retire.
The study, "Boomer Expectations for Retirement," also found that three in 10 boomers are concerned about having sufficient assets, while more than half said they will work for income during retirement. However, boomers who own insured retirement products such as annuities have a higher confidence in their overall retirement expectations, with nine out of 10 believing they are doing a good job preparing financially for retirement.
IRI's released the survey results as part of National Retirement Planning Week. The study examines the impact of the recent recession on boomer retirement prospects, analyzes the age at which they expect to retire, and identifies their anticipated sources of income in retirement.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
