Sometimes the best financial advice comes from unlikely places. Consider the famous directive uttered on “Monty Python’s Flying Circus”: expect the unexpected.
Those three simple words are the bottom line message from “Retirement Derailers,” a survey from Ameriprise Financial. “Derailers” are occurrences like the recession, the need to help a child or grandchild or the loss of a job that can throw a long-term financial plan off track.
Although respondents recognized their retirement planning had gotten off track (35% deemed it extremely serious and 83% somewhat serious), most are still optimistic.
Almost two-thirds (64%) said their investment road has been “smooth.” Conversely, 42% say their retirement savings lag behind the projection they made 10 years ago.