Retirement Survey

A survey was released recently by the insurance and financial company now called The Hartford. The survey measured those who planned for retirement - call PLANNERS in the survey- and non-planners. As you might expect non- planners aren't very close in saving for retirement, only 10% of non-planners are confident that they will have enough income.

I don't play sports because I'm not very coordinated, but I have heard that the best way to hit a target Is to look where you intend for the ball - or arrow or whatever- to go. You have to aim for something, you need to PLAN.

Many Americans have experienced changes in their retirement savings after the recent recession.

Here are some survey results:

Are you on track in your savings?

Planners 60%
Non- planners 39%

Do you save more now?

Planners 33%
Non-planners 22%

If we could 'turn back time' 26% of all would have saved MORE and 43% of all respondents would have started saving SOONER.

65% of all respondents said that their biggest concern in retirement is paying for basic expenses such as food shelter and clothing.

Do better today than yesterday, but get a move on!

Citation:

http://www.hartfordinvestor.com/general_pdf/crossroads_advertorial.pdf

Marion R. Syversen, MBA - President
NorumbegaFinancial
207.862.2952

Marion@NorumbegaFinancial.com
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