The past year, especially, has taken a toll on retirement confidence.

According to a retirement readiness index from Ameriprise Financial, three-quarters of Americans say they've taken steps prepare financially for retirement. But only 18 percent believe they'll achieve their dreams in retirement, a dip from 21 percent who believed this in 2010.

"A bit of pessimism is understandable considering that the financial markets have been highly volatile, unemployment remains high and many have seen the value of their homes continue to decline," said Suzanna de Baca, vice president of wealth strategies at Ameriprise Financial.

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:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 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.