Americans’ worry level over their finances prior to and during retirement increased in 2017, according to the Society of Actuaries, and those who haven’t made it to retirement yet are even more worried than retirees.
That’s according to SOA’s ninth annual Risks and Process of Retirement Survey, which finds that topping the list of concerns are inflation, health care and retirement costs.
Both retirees and preretirees say they feel “unprepared to navigate financial shocks and unexpected expenses,” with 61 percent of preretirees fearing expenses that could see them running out of assets in retirement, compared with 47 percent of retirees.
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