Tuesday, March 8, 2011

Are You Ready For Retirement?

Amplify’d from www.advisorone.com

Federal Deficit, Unemployment Top Investor Concerns

Overall, pre-retirees are far more pessimistic than retirees

Looking at optimism between people who are already retired and those who have yet to do so, it's clear that retirement planning is a daunting task. Retirees scored 61 on the Index, nearly twice the level of pre-retirees who scored just 35. The mean age of the retirees surveyed was 69 and the mean age for pre-retirees is 46.

Overall, pre-retirees aren't approaching retirement with confidence. While 61% of retirees confident in their ability to fund health care needs in retirement, just over one-third of pre-retirees agreed. While 62% of retirees said they are confident they can maintain their lifestyle in retirement without working, only 40% of pre-retirees think they will be able to do so.

A survey by Wells Fargo and Gallup released Wednesday found that U.S. investors are as worried about the federal deficit as they are about traditional economic concerns.

Read more at www.advisorone.com

No comments: