A retirement planning survey by the Illinois-based Society of Actuaries finds the main retirement concerns seniors have are...
1) Keeping the value of investments up with inflation
2) The effect of interest rates on income
3) The affordability of health care and long-term care
4) Outliving assets
5) Maintaining a reasonable standard of living
Other findings include...
80% — Percentage of those who do NOT look ahead more than 20 years when making important financial decisions, and only 5% look to or beyond their life expectancy.
68% — Percentage of retirees who have created a plan to manage their money each year to avoid outliving their finances.
73% — Percentage of retirees who have considered allocating their investments and savings to different types of assets. Just 24% of retirees, however, have purchased or plan to buy any guaranteed income products.
Source: Senior Housing News
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