Wednesday, June 21, 2023

Retirement survey findings

 TransAmerica did their 23rd annual retirement survey and asked 5700 American workers what’s one of their biggest concerns heading toward retirement and a full 72% said they worry Social Security won’t be around when they retire. According to the Social Security Administration more than a third of Americans 65 and older depend on Social Security benefits for half or more of their income. So no wonder there’s fear that Social Security might disappear. Other survey results, more than two-thirds, 67% , wish they had received more information and advice from employers about how to reach retirement goals. More than half of those surveyed, 53% , also worry that they haven’t saved enough for retirement and say debt keeps them from saving more for retirement. TransAmerica and many other companies do these surveys and they do offer insight to where the respondents are at and how they feel about their retirement future. I appreciate this information as well, so I can gear what I do when meeting with my clients about their retirement plan. I do this show to bring information forward about the solvency of Social Security for instance. So, if you have concerns, call me for an appointment, let’s talk those over. 320 679 5183 or go to the website yoursafemoneyshow.com.

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