College faculty and staff are better prepared for retirement than the general population, according to a new TIAA-CREF survey.
Among other things, the survey found that higher-ed professionals are more likely to have savings in an IRA in addition to what they've put away in their employer-sponsored retirement plan. Forty-two percent of those higher-ed folks have done so, compared with only 34 percent of the general population.
In addition, TIAA-CREF also found that tenured and tenure-track faculty feel more confident about having enough money to get comfortably through retirement, with 83 percent saying they feel "very confident" or "somewhat confident" that they'll be able to do so. Only 55 percent of the general working population feels that way.
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.
