Retirement NOW REPORT. Life s brighter under the sun
|
|
- Gary Simpson
- 6 years ago
- Views:
Transcription
1 2016 Retirement NOW REPORT Life s brighter under the sun
2 Contents About the Sun Life Financial Retirement Now Report... 3 Life in retirement... 4 Finances in retirement... 7 Leaving a legacy
3 About the Sun Life Financial Retirement Now Report By surveying retirees about their present circumstances and working people about their plans for the future, the Sun Life Financial Retirement Now Report aims to provide a balanced, insightful view of the evolving state of retirement in Canada. Inside this report After seven years of successful study, Sun Life Financial wound up its Canadian Unretirement Index in Our original hypothesis that baby boomers were going to transform retirement and that many would work past the traditional retirement age of 65 for both lifestyle and economic reasons was proven true. Eight years later, unretirement is a widely accepted idea many have already put into practice. The next research opportunity is to better understand what it s like to live in retirement. We ll continue to track the views of today s workers. Additionally though, we will focus on Canadian retirees in an effort to understand their retirement, in financial and other respects. Our new hypothesis is that retirement is less challenging than many Canadians fear. It s more affordable than a lot of us believe (particularly given the state of the public pension system) and there are non-financial benefits that can be realized after one s career has ended. In this first Retirement Now Report executive summary, we ll focus on the results gained from our retiree surveys. There s a lot to share. For information regarding any of our other findings, please contact us at retirementnow@sunlife.com. These findings are part of an Ipsos Reid poll conducted between Dec. 15 and 23, 2015 on behalf of Sun Life Financial. For this survey, Ipsos Reid conducted online interviews with a sample of 4,010 Canadians drawn from the Ipsos I-Say online panel. That total includes 2,006 retired Canadians (all at least 30 and no older than 80) and 2,004 working Canadians (age 30 to 65). The data for retired Canadians were weighted by region. The data for working Canadians were weighted to ensure the sample s regional, age and gender composition reflects that of the actual Canadian population according to the 2011 Census data. The precision of Ipsos online surveys is measured using a credibility interval. In this case, the survey is accurate to within +/ percentage points at 95% confidence level had all Canadian adults been polled for both the retired and working Canadian samples. All sample surveys and polls may be subject to other sources of error, including, but not limited to methodological change, coverage error and measurement error. 3
4 Life in retirement In a word, life is good for Canada s retirees. At a time when roughly 1,000 baby boomers enter into retirement each and every day, this will come as a relief, perhaps even a surprise. Today s retirees are positive about post-work life, many are doing well financially and a strong majority is in good health. First, our headline: Nine in 10 retirees (88%) 1 feel positive about my life in retirement. Just 12% report feeling negative. 1 All results have been rounded to the nearest full percentage figure. QGenerally speaking do you feel positive or negative about your life in retirement? Positive 88% Nearly 9 in 10 retirees feel positive about their life in retirement. Negative 12% Regionally, respondents in Ontario are least likely to report this view: 84% of retirees are positive. The other regions all fall within the margin of error. There are no differences between men and women. There are, however, differences between those who are married (90% positive) versus those who are single (84% positive) or divorced, separated or widowed (85% positive). And there is a difference between those who have a financial advisor (94% positive) and those who don t (83% positive). About seven in 10 retirees say they are in good physical health. More than half (54%) say their physical health is good, another 13% say very good. Just 9% say they are in poor health. In terms of mental health, 45% say good, 43% say very good. Only 4% say poor. Four in 10 (42%) agree with the statement: my physical health has improved in retirement. Forty-five per cent disagree; the rest answered don t know. When you flip the question however, just 27% say their physical health has deteriorated in retirement. Sixty-three per cent disagree and the rest don t know. 4
5 QDo you agree or disagree with the following statements? Agree Disagree Don t Know My emotional health has improved in retirement. 62% 25% 13% My life in retirement is more fun than my work life was. 59% 29% 12% My retirement is like a vacation. 54% 38% 7% I spend less than I expected to in retirement. 48% 43% 9% I exercise more often in retirement. 48% 47% 5% I worry more about money now than when I worked full time. My physical health has improved in retirement. 47% 48% 4% 42% 45% 13% I m more intellectually stimulated in 41% retirement than I was during my work life. 47% 13% So while about one quarter have experienced a deterioration in their physical health since retiring, the rest have either seen no significant change or in fact have seen their physical health improve. Clearly the aging process plays a role in all of this. We ll dig deeper in future study. The mental health picture is more dramatic. Six in 10 (62%) agree that my emotional health has improved in retirement. One quarter (25%) disagree and the rest don t know. Seventy-eight per cent disagree that my emotional health has deteriorated in retirement. Eleven per cent agree and 11% don t know. We presented respondents with 20 agree/disagree statements in total. Ten were positive and 10 were negative. There are no instances in which more respondents agreed than disagreed with a negative statement. Retirees are more likely to agree than disagree that: My emotional health has improved in retirement. My life in retirement is more fun than my work life was. My retirement is like a vacation. I spend less than I expected to in retirement. 5
6 Almost half of retirees (48%) say the single best thing about retirement is the freedom to do what you want, when you want. Fifteen per cent say it s not having to follow a schedule. Three in 10 (31%) say the single worst thing is living with financial constraints. Eight per cent say not getting out of the house enough. Another 8% say my health. And 7% say boredom. But a higher number (35%) say nothing when asked to name the single worst thing about retirement. QWhat was the biggest financial surprise of retirement? How easy it is to live on a reduced budget 32% How difficult it is to live on a reduced budget 22% I m spending more than I expected 10% How quickly my money is running out 10% I m spending less than I expected 10% The cost of health care 8% Other 9% 6
7 Finances in retirement Half of retired Canadians (49%) say they saved enough for retirement. One third (33%) say they did not and 19% are not sure. Retirees with a financial advisor are far more likely to answer positively: 62% versus 38% of those without an advisor. That being said, we asked retirees to name the biggest single financial surprise of retirement. These results add colour to our understanding of the different experiences retired Canadians are having. One third (32%) say how easy it is to live on a reduced budget. Close to that number 22% say how difficult it is to live on a reduced budget. One in 10 says I m spending more than I expected. The same number says I m spending less than I expected. On average, Canadian retirees are living on 62% of the income they earned immediately before leaving the workforce. This falls within the range of income replacement ratios recommended by financial advisors and other personal finance experts, and reflects the high instance of workplace plan membership among today s retirees. (Seventy-seven per cent had access either themselves or through a spouse to a workplace plan.) Q What percentage of your retirement income comes from each of the following sources? Workplace Pension or Retirement Savings Plans 38% Other Source 6% Inheritance 2% Home Equity 2% Personal Savings and Investments 15% Sources of retirement income Government Plans 38% 7
8 Five per cent live on 20% or less of what they earned; 12% have between 21% and 40%; 29% are between 41% and 60%; 41% are between 61% and 80%; and 14% are between 81% and 100%. This income comes from multiple sources. Retirees report that, on average, 38% of their income comes from government plans, another 38% from workplace plans, 15% from personal savings and the rest from home equity, inheritances and other sources. Finally, we asked both working Canadians and retirees to estimate what they spend on a variety of monthly expenses. The average results illustrate clearly how much less expensive life after work can be. QHow much, on average, do you spend on the following on a monthly basis? Working Canadians Retired Canadians $971 $928 $3,431 $2,611 $731 Monthly total $464 $396 $498 $333 $431 $86 $110 $213 $118 $124 $220 $170 $249 Food Housing Health care Income tax Leisure/travel Entertainment Transportation Savings 8
9 Leaving a legacy Almost half of retired Canadians have either received an inheritance (28% have) or expect to (19% say it is either very likely or somewhat likely ). Much larger numbers expect to leave money when they pass. Almost half (46%) say it is very likely they will leave an inheritance. Another 31% say it is somewhat likely. Seven per cent say it is somewhat unlikely, 10% say very unlikely and 6% don t know. Four in five (81%) say they have a will, a key document in a financial plan. But interestingly, 22% say that they have not discussed the terms with any of their heirs. Half (51%) say they ve discussed the terms with all of their heirs. One quarter (27%) have talked with some but not all of them. We also asked retired Canadians what level of pre-retirement income they recommend today s workers seek to replace in retirement. Given their average replacement rate of 62%, it s interesting to see that they recommend an average replacement rate of 71%. Their top three pieces of advice for working Canadians? Take care of your health, start saving/investing early and live within your means. They re nothing if not practical. Q Do you have a will? Q Have you discussed the terms of your will with your heir(s)? Yes 81% No 18% Don t know 1% Yes, with some, but not all of them. 27% Yes, with all of them. 51% No, I have not discussed the terms with any of them. 22% Retirees with a will (n=1658) 9
10 For more information on the Sun Life Financial Retirement Now Report, or any of the information presented in this paper, please contact or visit Sun Life Assurance Company of Canada Sun Life Financial Retirement Now Report 2016 GRP1788-E-04-15
Are you retirement ready?
Are you retirement ready? Retirement is changing. For today s working, Canadians retirement may be very different than it is for current retirees. By surveying retirees about their present circumstances
More informationconsumer VOICE Survey 2015 Investor Insights on the Financial Advice Industry
consumer VOICE Survey 2015 Investor Insights on the Financial Advice Industry NOVEMBER 2015 over VIEW There is currently much discussion regarding the financial advice industry in Canada, including what
More informationWomen & Wealth: FINANCIAL CONFIDENCE COMES WITH FINDING THE RIGHT ADVICE
Women & Wealth: FINANCIAL CONFIDENCE COMES WITH FINDING THE RIGHT ADVICE PERSONALIZATION MATTERS Regardless of gender, a good financial plan is one that is unique to you and the goals you set for yourself.
More informationRetirement Check-In survey
Retirement Check-In survey Abstract Baby boomers are a bundle of contradictions when it comes to how they say they feel about their retirement. But while their financial attitudes may shift, the actions
More information18 th Annual Transamerica Retirement Survey Influences of Household Income on Retirement Readiness. June 2018 TCRS
1 th Annual Transamerica Retirement Survey Influences of Household Income on Retirement Readiness June 01 TCRS -01 Transamerica Institute, 01 Welcome to the 1 th Annual Transamerica Retirement Survey Welcome
More informationMost Canadians feel they re financially literate. Our survey says otherwise.
Most Canadians feel they re financially literate. Our survey says otherwise. Results from a May 2017 survey conducted by Ipsos on behalf of LowestRates.ca. These are some of the findings of an Ipsos poll
More informationThe Future of Retirement:
The Future of Retirement: Bridging the Gap in retirement Almost a half (45 per cent) of working age women in the USA either don t know how much they are saving for their retirement or have not started
More informationTime for a. New Deal. for Young People. Broadbent Institute poll highlights millennials precarious future and boomers worries.
Time for a New Deal for Young People. March 2014 Broadbent Institute poll highlights millennials precarious future and boomers worries Executive Summary: A poll conducted for the Broadbent Institute shows
More informationGENDER AND MARITAL STATUS COMPARISONS AMONG WORKERS
2017 RCS FACT SHEET #5 GENDER AND MARITAL STATUS COMPARISONS AMONG WORKERS Are unmarried men and women equally likely to plan and save for retirement? Do they have similar expectations about their needs
More informationGender And Marital Status Comparisons Among Workers
Page 1 2018 RCS FACT SHEET #5 Gender And Marital Status Comparisons Among Workers Are unmarried men and women equally likely to plan and save for retirement? Do they have similar expectations about their
More informationRETIREMENT EDUCATION. The Correlation Between Retirement Readiness and Employer Involvement
RETIREMENT EDUCATION The Correlation Between Retirement Readiness and Employer Involvement Employer-Provided Retirement Education a Win-Win for Employers and Employees Americans workplace retirement plans
More informationExecutive Summary Retirement Omnibus. Orange House Sweepstakes. Building a solid foundation for a secure retirement
Executive Summary Retirement Omnibus Orange House Sweepstakes Building a solid foundation for a secure retirement Introduction In support of the Orange House Sweepstakes a national promotion that will
More informationCanada Report. The Future of Retirement Healthy new beginnings
The Future of Retirement Healthy new beginnings Canada Report Foreword The possibilities Key findings The doubts Overview The research Healthy living Practical steps Foreword Retirement can be an opportunity
More information17 th Annual Transamerica Retirement Survey Influences of Educational Attainment on Retirement Readiness
th Annual Transamerica Retirement Survey Influences of Educational Attainment on Retirement Readiness December 0 TCRS - Transamerica Institute, 0 Welcome to the th Annual Transamerica Retirement Survey
More informationS E P T E M B E R MassMutual Hispanic Middle America Financial Security Study
S E P T E M B E R 2 0 1 7 MassMutual Middle America Financial Security Study Background and Methodology Study Objectives To raise awareness of the threats and obstacles to middle-class workers financial
More informationretirement income plan
Retirement income guide Build a retirement income plan to last a lifetime What s inside Let s talk about retirement Four factors drive your retirement income strategy Where do you want to be in retirement?
More informationInvesting As We Age. Key Highlights. Innovative Research Group, Inc. September 26, Prepared for: Toronto Vancouver
Innovative Research Group, Inc. Toronto Vancouver www.innovativeresearch.ca Key Highlights Investing As We Age September 26, 2017 Prepared for: Investor Office Ontario Securities Commission 20 Queen Street
More information2014 Wells Fargo Middle-Class Retirement Study
2014 Wells Fargo Middle-Class Retirement Study Table of contents Overview 1 Key findings 2 Background and methodology 8 Overview Consistent with findings from previous surveys, middle-class Americans continue
More informationRETHINK RETIREMENT 2009 SURVEY. Planning.
RETHINK RETIREMENT 2009 SURVEY Planning www.rethinkretirement.ca Castles in the air What do you picture when you think about retirement? Are you sitting on the deck of a lakeside cottage sipping cocktails
More information17 th Annual Transamerica Retirement Survey Influences of Gender on Retirement Readiness
1 th Annual Transamerica Retirement Survey Influences of Gender on Retirement Readiness December 2016 TCRS 1335-1216 Transamerica Institute, 2016 Welcome to the 1 th Annual Transamerica Retirement Survey
More informationFinancial Realities: Generational Advice. July 2010
Financial Realities: Generational Advice July 2010 Objectives and Methodology Objectives: 1. To provide insight into Americans propensity to give advice against the backdrop of economic uncertainty. 2.
More informationThe Allianz American Legacies Pulse Survey
The Allianz American Legacies Pulse Survey Exploring the impact of the financial crisis on legacy strategies Allianz Life Insurance Company of North America Allianz Life Insurance Company of New York ENT-1371-N
More informationMassMutual Women s Retirement Risk Study
A P R I L 2 0 1 8 July 2018 MassMutual s Retirement Risk Study Background & Methodology Background To better understand the investment preferences and philosophies of women approaching retirement as well
More information16 th Annual Transamerica Retirement Survey Influences of Generation on Retirement Readiness
6 th Annual Transamerica Retirement Survey Influences of Generation on Retirement Readiness August 0 TCRS 0--0 Transamerica Institute, 0 Welcome to the 6 th Annual Transamerica Retirement Survey Welcome
More informationFinancial Perspectives on Aging and Retirement Across the Generations
Financial Perspectives on Aging and Retirement Across the Generations GREENWALD & ASSOCIATES October 2018 Table of Contents Executive Summary 2 Background and Methodology 3 Key Findings 5 Retrospectives
More informationThree in Ten Ontarians (27%) Fail Quiz on Auto Insurance Fraud One in Ten (8%) Admit to Having Engaged in Auto Insurance Fraud
Three in Ten Ontarians (27%) Fail Quiz on Auto Insurance Fraud One in Ten (8%) Admit to Having Engaged in Auto Insurance Fraud Public Release Date: March 1, 2017, 12:00pm EST Ipsos is Canada's market intelligence
More information2016 Retirement Confidence Survey
2016 Retirement Confidence Survey A Secondary Analysis of the Findings from Respondents Age 50+ Alicia R. Williams, PhD and Eowna Young Harrison, BS AARP Research https://doi.org/10.26419/res.00159.001
More informationSHEDDING LIGHT ON LIFE INSURANCE
SHEDDING LIGHT ON LIFE INSURANCE A practical guide LEARN MORE ABOUT Safeguarding your loved ones Protecting your future Ensuring your dreams live on Life s brighter under the sun About this guide We ve
More informationWhile One in Five (19%) of Canadian Employees Feel at Psychological Risk in Their Workplace, New Tool Suggests that Three in Ten (29%) May Be
While One in Five (19%) of Canadian Employees Feel at Psychological Risk in Their Workplace, New Tool Suggests that Three in Ten (29%) May Be Groundbreaking Survey Suggests Canadian Employees Under-Report
More informationMILLENNIALS AND RETIREMENT Surprising Insights on America s Youngest Workers
MILLENNIALS AND RETIREMENT Surprising Insights on America s Youngest Workers Millennials Outperforming Older Generations in Retirement Readiness Eighteen years ago, as the first Millennials began to trickle
More informationEmployee Financial Wellness Survey 2017 results
www.pwc.com/us/financialeducation results Click on a topic to go directly to that section. About this survey 2 Foreword 3 Financial well-being Defining financial wellness 6 Top financial concerns 7 Impact
More informationMOVING THE NEEDLE ON EMPLOYEE FINANCIAL WELLNESS
HEALTH WEALTH CAREER FINDINGS FROM MERCER CANADA'S INSIDE EMPLOYEES' MINDS SURVEY MOVING THE NEEDLE ON EMPLOYEE PRACTICAL STEPS FOR CANADIAN EMPLOYERS 2 THE CHALLENGE OF EMPLOYEE A GROWING NUMBER OF EMPLOYERS
More information17 th Annual Transamerica Retirement Survey Influences of Generation on Retirement Readiness
1 th Annual Transamerica Retirement Survey Influences of Generation on Retirement Readiness December 016 TCRS 1-6 Transamerica Institute, 016 Table of Contents Welcome to the 1 th Annual Transamerica Retirement
More informationOne in Five Americans Could Not Afford to Pay an Unexpected Medical Bill Without Accumulating Some Debt
One in Five Americans Could Not Afford to Pay an Unexpected Medical Bill Without Accumulating Some Debt A Majority Believe Receiving a Large Medical Bill that they Can t Afford is Just as Bad as Being
More informationPublic Opinion on Old Age Security Reform
February 3, 2012 January 31 to February 2, 2012 n=1,209 Canadians, 18 years of age and older Methodology The survey was conducted online with 1,209 respondents in English and French using an internet survey
More informationThe FPA and Ameriprise Value of Financial Planning study: Consumer Attitudes and Behaviors in a Changing Economy
The FPA and Ameriprise Value of Financial Planning study: Consumer Attitudes and Behaviors in a Changing Economy Conducted by Harris Interactive Consumer confidence is near historic lows, yet one group
More informationRedefining Retirement Readiness
Redefining Retirement Readiness Employers and workers alike can benefit from expanding their view of Retirement Readiness from simply offering and participating in a plan. Workers want and need additional
More informationASSOCIATED PRESS-LIFEGOESSTRONG.COM BOOMERS SURVEY CONDUCTED BY KNOWLEDGE NETWORKS March 16, 2011
1350 Willow Rd, Suite 102 Menlo Park, CA 94025 www.knowledgenetworks.com Interview dates: March 04 March 13, 2011 Interviews: 1,490 adults, including 1,160 baby boomers Sampling margin of error for a 50%
More information17 th Annual Transamerica Retirement Survey Influences of Ethnicity on Retirement Readiness
1 th Annual Transamerica Retirement Survey Influences of Ethnicity on Retirement Readiness December 01 TCRS 1-11 Transamerica Institute, 01 Welcome to the 1 th Annual Transamerica Retirement Survey Welcome
More informationSpecial Report. Retirement Confidence in America: Getting Ready for Tomorrow EBRI EMPLOYEE BENEFIT RESEARCH INSTITUTE. and Issue Brief no.
December 1994 Jan. Feb. Mar. Retirement Confidence in America: Getting Ready for Tomorrow Apr. May Jun. Jul. Aug. EBRI EMPLOYEE BENEFIT RESEARCH INSTITUTE Special Report and Issue Brief no. 156 Most Americans
More information2017 Wells Fargo retirement study. Highlights from a survey of workers and retirees
RETIREMENT INSIGHTS Institutional Retirement and Trust 2017 Wells Fargo retirement study Highlights from a survey of workers and retirees With positive market returns, the number of working Americans age
More informationThe Financial State of New Zealand Households October 2008
The Financial State of New Zealand Households Introduction Attached are the results of the social poll conducted through Research New Zealand s latest omnibus survey. These results are based on a nationally
More informationWomen & Retirement: Current Outlook & New Opportunities August 2010
& Retirement: Current Outlook & New Opportunities August 2010 Table of Contents About the Center Page 3 About the Survey Page 4 Methodology Page 5 & Retirement: Current Outlook & New Opportunities Page
More information5 TH ANNUAL EXPEDIA VACATION DEPRIVATION SURVEY
5 TH ANNUAL EXPEDIA VACATION DEPRIVATION SURVEY 1 in 3 Canadian Workers Vacation-Deprived Rates Highest in BC, Alberta, and Ontario; Lowest in Quebec Public Release Date: - May 17, 2007 Ipsos Reid is Canada's
More information2018 Retirement Confidence Survey
2018 Retirement Confidence Survey April 24, 2018 Employee Benefit Research Institute 1100 13 th Street NW, Suite 878 Washington, DC 20005 Phone: (202) 659-0670 Fax: (202) 775-6312 Greenwald & Associates
More informationIs the UK retirement ready?
Is the UK ready? We surveyed British adults of all ages and analysed industry research to find out the answer to this much contemplated question. Explore the results. Whitepaper by Age Partnership, released
More information10th Annual Transamerica Retirement Survey Full-Time & Part-Time Workers
10th Annual Transamerica Retirement Survey Full-Time & Part-Time Workers Transamerica Center for Retirement Studies Table of Contents PAGE Objectives 4 Methodology 5 Terminology 6 Profile of Respondents
More informationM A Y MassMutual Asian American Retirement Risk Study
M A Y 2018 MassMutual Asian American Retirement Risk Study Background & Methodology Background To better understand the investment preferences and philosophies of those approaching retirement as well as
More information18 th Annual Transamerica Retirement Survey Influences of Generation on Retirement Readiness. June 2018 TCRS
th Annual Transamerica Retirement Survey Influences of Generation on Retirement Readiness June 0 TCRS -06 Transamerica Institute, 0 Welcome to the th Annual Transamerica Retirement Survey Welcome to this
More informationBetterment s 2018 Report: GIG ECONOMY AND THE FUTURE OF RETIREMENT
Betterment s 2018 Report: GIG ECONOMY AND THE FUTURE OF RETIREMENT INTRODUCTION Today, more than one in three U.S. workers are freelancers and this figure is expected to grow to 40% by 2020 (Intuit). Increasingly,
More informationLessons learned in higher education
Lessons learned in higher education Voya Retirement Research Institute Study focuses on retirement and financial realities for college and university employees Our nation s colleges and universities represent
More informationWhat really matters to women investors
JANUARY 2014 What really matters to women investors Exploring advisor relationships with and the Silent Generation. INVESTED. TOGETHER. Certainly a great deal has been written about women and investing
More informationSaving and Investing Among High Income African-American and White Americans
The Ariel Mutual Funds/Charles Schwab & Co., Inc. Black Investor Survey: Saving and Investing Among High Income African-American and Americans June 2002 1 Prepared for Ariel Mutual Funds and Charles Schwab
More informationOutlook for the Canadian Economy - Over the Next Year Total National: Improve = 42% (-1%), Worsen = 26% (+2%)
Outlook for the Canadian Economy - Over the Next Year National: Improve = 42% (-1%), Worsen = (+2%) Improve Worsen Percent Improve Change over Previous Quarter 42% -1% 46% 0% AB 50% -11% 45% -4% 44% +2%
More informationClosing the Retirement Gender Gap:
MassMutual White paper Closing the Retirement Gender Gap: What your clients need to know about women and investing Key findings from the 2018 MassMutual Women s Retirement Risk Study 1 At first glance,
More informationMarital status, money and retirement
Marital status, money and retirement A Voya Retirement Research Institute study that looks at retirement and finances for singles, married and divorced men and women. Marriage and Money Singles most highly
More information2018 U.S. TRUST INSIGHTS ON WEALTH AND WORTH
2018 U.S. TRUST INSIGHTS ON WEALTH AND WORTH Detailed Findings FOR MEDIA INQUIRIES, CONTACT: JULIA EHRENFELD U.S. TRUST MEDIA RELATIONS 646.855.3267 JULIA.EHRENFELD@BANKOFAMERICA.COM Go Paperless! Please
More informationSocial Security Turns 80: Expectations and Preparations of American Workers by Age Range 16 th Annual Transamerica Retirement Survey of Workers
Social Security Turns 80: Expectations and Preparations of American Workers by Age Range 16 th Annual Transamerica Retirement Survey of Workers August 0 TCRS 18-08 Transamerica Institute, 0 About the Author
More informationMassMutual LGBTQ Retirement Savings Risk Study
J U N E 2018 MassMutual Retirement Savings Risk Study RS-45520-00 Background & Methodology Background To better understand the investment preferences and philosophies of Americans approaching retirement
More information2018 RETIREMENT PREPAREDNESS SURVEY A GENERATIONAL CHALLENGE
2018 RETIREMENT PREPAREDNESS SURVEY A GENERATIONAL CHALLENGE Executive Summary The U.S. retirement landscape has changed dramatically over the past few decades. Fewer workers today are eligible to receive
More informationRetirement what s your plan?
Retirement what s your plan? Topics covered Lifestyle planning Sources of retirement income Maximizing your retirement income Estate planning Whether you re approaching retirement or already enjoying it,
More informationThe 2007 Retiree Survey
The Ariel-Schwab Black Investor Survey: The 00 Retiree Survey October 11, 00 BACKGROUND, OBJECTIVES, AND METHODOLOGY Ariel Mutual Funds and The Charles Schwab Corporation commissioned Argosy Research to
More informationClient Experience With Investment Call Centers 2011 Investment Call Center Satisfaction Survey
Client Experience With Investment Call Centers 2011 Investment Call Center Satisfaction Survey Jim S Miller President, Prime Performance www.primeperformance.net *FREE VERSION* Table of Contents Page 2
More informationPrincipal Funds. Women and Wealth. Invest in yourself. You deserve it. A step-by-step guide to help you achieve your financial goals.
Principal Funds Women and Wealth Invest in yourself. You deserve it. A step-by-step guide to help you achieve your financial goals. Take Time for You As a woman, you probably have a lot of responsibilities.
More information2015 Life + Money Survey: What Americans Think About Most
Brought to you by 2015 Life + Money Survey: What Americans Think About Most v What Do Americans Think About Most? GOBankingRates surveyed 5,003 U.S. adults, asking, What do you think about most? The following
More informationThe American College Defined Contribution Rollover Survey
The American College Defined Contribution Rollover Survey January 2016 Table of Contents Methodology 3 Key Findings 5 The Rollover Decision 14 Retirement Financial Planning 33 Investment Management 52
More informationWOMEN AND LONG-TERM CARE
The Lincoln National Life Insurance Company and Lincoln Life & Annuity Company of New York STEPS TO A HEALTHY FINANCIAL FUTURE THIS PAPER DISCUSSES THE ISSUES WOMEN FACE IN CAREGIVING AND LONG-TERM CARE
More informationFred Maiden Insurance Agency
Fred Maiden Insurance Agency 2 Corpus Christie Place, Suite 205, Hilton Head, SC 29928 Office Phone: (843) 376-5034 Email: fredmaiden@fredmaidenins.com Introduction The most common question we hear about
More informationCalifornia Dreaming or California Struggling?
California Dreaming or California Struggling? 2017 LA County Latino/a Findings from the AARP study of California Adults Ages 36-70 in the Workforce #CADreamingOrStruggling https://doi.org/10.26419/res.00163.012
More informationCalifornia Dreaming or California Struggling?
California Dreaming or California Struggling? 2017 Findings from the AARP study of California Adults Ages 36-70 in the Workforce #CADreamingOrStruggling https://doi.org/10.26419/res.00163.001 SURVEY METHODOLOGY
More informationKEY FINDING: COUPLES AND DEBT
TOP FINDINGS FROM THE 2018 FIDELITY INVESTMENTS A FEW WORDS ABOUT THE STUDY The 2018 Fidelity Investments Couples & Money Study analyzes retirement and financial expectations and preparedness among 1,662
More informationThe current and future you
The current and future you What you can learn from those at other life stages What advice could the future you give the current you? A 2015 Forbes Insights and Northwestern Mutual survey was designed to
More informationS E P T E M B E R MassMutual African American Middle America Financial Security Study
S E P T E M B E R 2 0 1 7 MassMutual African American Middle America Financial Security Study Background and Methodology Study Objectives To raise awareness of the threats and obstacles to African American
More informationRaboDirect Financial Health Barometer. A Five-Year Review
RaboDirect Financial Health Barometer A Five-Year Review About the white paper RaboDirect s annual Financial Health Barometer delivers a comprehensive overview of Aussies attitudes towards their financial
More informationFirst Look: Assessing the New Retiree Experience. 401(k) participants are transitioning with considerable assets, high satisfaction
First Look: Assessing the New Retiree Experience 401(k) participants are transitioning with considerable assets, high satisfaction 2 FIRST LOOK: ASSESSING THE NEW RETIREE EXPERIENCE ABOUT THE STUDY WHAT:
More informationInvestor sedge. Rewriting retirement: Today s retirement has become anything but traditional. Changing viewpoints.
Investor sedge First quarter Rewriting retirement: Today s retirement has become anything but traditional Baby boomers have redefined every life phase, and retirement is no different. As 10,000 baby boomers
More information2008 Financial Literacy Survey
Summary Report and Topline 2008 Financial Literacy Survey Prepared by Princeton Survey Research Associates International for the National Foundation for Credit Counseling and MSN Money 04.29.08 Many economists
More informationPay Yourself In Retirement Research Report
Pay Yourself In Retirement Research Report How retirees and pre-retirees plan their retirement income Turning your savings into income Many Americans spend decades saving for retirement but when the time
More informationRetirement planning YOUR GUIDE
Retirement planning YOUR GUIDE Choices today can lead to freedom tomorrow What s inside Introduction...1 Lifestyle planning...2 Potential sources of retirement income..5 Life insurance...6 Maximizing after-tax
More informationThe 10 Biggest Social Security Mistakes What Baby Boomers Need to Know
The 10 Biggest Social Security Mistakes What Baby Boomers Need to Know Social Security can play a very important role in a retirement income plan. As one of the few sources of lifetime, inflation-adjusted
More information2016 Retirement preparedness survey findings
2016 Retirement preparedness survey findings RETIREMENT PERSPECTIVES Key Themes Saving for retirement is getting progressively harder for each generation. More than half of pre-retirees expect to have
More informationA Guide to Planning a Financially Secure Retirement
A Guide to Planning a Financially Secure Retirement The information presented here is for general reference only, and may or may not be appropriate for your specific situation. A conversation with a financial
More informationJ U N E MassMutual Retirement Income Study
J U N E 2 0 1 8 MassMutual Retirement Income Study Background & Methodology Background To better understand the income needs and expectations of those approaching retirement as well as retirees, MassMutual
More informationAviva s Real Retirement Report Part 1
Aviva s Real Retirement Report Part 1 Over-50s Workforce Tribes What s inside 03 Over-50s job satisfaction 04 Making significant career changes post-50 07 Delaying retirement plans #AvivaRRR Retirement
More informationEBRI EMPLOYEE BENEFIT RESEARCH INSTITUTE
T-107 EBRI EMPLOYEE BENEFIT RESEARCH INSTITUTE Testimony of Dallas L. Salisbury President, Employee Benefit Research Institute (EBRI) Chairman, American Savings Education Council (ASEC) Before The House
More informationEmergency Medical Services in Saskatchewan
Emergency Medical Services in Saskatchewan A survey of 800 Saskatchewan over 18 years of age. August 3, 2012 Prepared for: Prepared by: Saskatchewan Emergency Medical Services Association David Coletto,
More informationThe Voya Retire Ready Index TM
The Voya Retire Ready Index TM Measuring the retirement readiness of Americans Table of contents Introduction...2 Methodology and framework... 3 Index factors... 4 Index results...6 Key findings... 7 Role
More informationWomen and Wealth. The changing face of wealth in Canada and its implications for financial advisors
Women and Wealth The changing face of wealth in Canada and its implications for financial advisors Why this paper is important By 2026, women in Canada will control close to half of all accumulated financial
More informationUnited States Tax Policy Ipsos Poll conducted on behalf of National Public Radio
United States Tax Policy Ipsos Poll conducted on behalf of National Public Radio Washington, DC, April 13, 2017 While nothing may be certain except death and taxes, according to our new NPR/Ipsos poll,
More informationHow to talk to your heirs about their inheritance. An unexpected illness, which puts stress transfer in Canadian history is taking
Wealth Transfer 101: How to talk to your heirs about their inheritance The biggest inter-generational wealth According to a new IPC Private An unexpected illness, which puts stress transfer in Canadian
More informationScottrade Financial Behavior Study. Scottrade Financial Behavior Study 1
2016 Scottrade Financial Behavior Study Scottrade Financial Behavior Study 1 Scottrade Financial Behavior Study Scottrade, Inc. commissioned a survey of investors to explore their attitudes and behaviors
More informationNATIONWIDE RETIREMENT INSTITUTE. Practical thought leadership to help you build client relationships. and your business
NATIONWIDE RETIREMENT INSTITUTE Practical thought leadership to help you build client relationships and your business 4 out of 10 Americans believe that no matter how much they save and how they invest,
More informationHOW TO POTENTIALLY OPTIMIZE SOCIAL SECURITY BENEFITS
HOW TO POTENTIALLY OPTIMIZE SOCIAL SECURITY BENEFITS TABLE OF CONTENTS Executive Summary... 2 The Status of Social Security... 2 Timing Your Benefit Distributions... 3 A Look at Spousal Benefits Plan for
More informationLife expectancy: A statistical measure of the average length of life from birth to death.
STUDENT MODULE 6.2 RETIREMENT PLANNING PAGE 1 Standard 6: The student will explain and evaluate the importance of planning for retirement. Longevity and Retirement Keisha, are you ready for the party?
More informationPart 1: 2017 Long-Term Care Research
Part 1: 2017 Long-Term Care Research Findings from Surveys of Advisors and Consumers Lincoln Financial Group and Versta Research February 2018 2018 Lincoln National Corporation Contents Page Research Methods...
More informationBMO Estate and Trust Planning Online Survey. BMO Financial Group
BMO Estate and Trust Planning Online Survey BMO Financial Group Context and Objectives BMO Financial Group Context and Objectives OBJECTIVES: Explore Canadians knowledge and awareness of wills and power
More information2018 CANADIAN GUARANTEED LIFETIME INCOME STUDY (GLIS) Summary Report
2018 ADIAN GUARANTEED LIFETIME INCOME STUDY (GLIS) Summary Report This report presents the summary results of the 2018 Canadian Guaranteed Lifetime Income Study (GLIS), conducted by Greenwald & Associates
More information2013 Risks and Process of Retirement Survey Report of Findings. Sponsored by The Society of Actuaries
2013 Risks and Process of Survey Report of Findings Sponsored by The Society of Actuaries Prepared by Mathew Greenwald & Associates, Inc. December 2013 2013 Society of Actuaries, All Rights Reserved The
More informationNew Survey Shows that New Englanders Strongly Support Expanding SCHIP to Cover More Uninsured Children
March 2007 New England New Survey Shows that New Englanders Strongly Support Expanding SCHIP to Cover More Uninsured Children March 5, 2007 A new poll, sponsored by the New England Alliance for Children
More informationT. Rowe Price 2015 FAMILY FINANCIAL TRADE-OFFS SURVEY
T. Rowe Price 2015 FAMILY FINANCIAL TRADE-OFFS SURVEY Contents Perceptions About Saving for Retirement & College Education Respondent College Experience Family Financial Profile Saving for College Paying
More information