Many investors with income of $750,000 or more are less likely to have retirement plans than those at lower income levels, according to a report released by Spectrem Group.
Fifteen percent of the highest income investors said they had no plans to retire, while 31 percent put their potential retirement age at "more than 70."
Investors at lower income levels said they wanted to retire within 10 years, but were uncertain whether their current income and savings levels would enable them to do so.
Continue Reading for Free
Register and gain access to:
- 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
Already have an account? Sign In Now
© 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.
Michael S. Fischer
Michael S. Fischer is a longtime contributing writer for ThinkAdvisor. He previously reported on trade and intellectual property topics for the Economist Intelligence Unit and covered the hedge fund industry for MARHedge and Reuters News Service.
