Retirement confidence remains at historic lows, according to the Employee Benefit Research Institute’s 2013 Retirement Confidence Survey, with 28 percent of respondents saying they are not confident in their ability to retire.
That number has essentially stayed the same since 2011. Only 13 percent of respondents said they were confident and 38 percent said they are somewhat confident they will be able to retire comfortably.
“There is a very clear linkage between savings rates and tax incentives,” Burrows said. “It is very important in this time when we talk about tax reform to make sure we have a really good understanding of the linkage tied to tax incentives.”
Survey respondents who said they were the most confident were also the most likely to seek the help of a financial advisor or to use online planning tools like retirement savings calculators.