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
Check out our website that includes weekly streaming videos

WWW.NorumbegaFinancial.com

Voted Bangor's Best Financial Planning Firm 2009 by Market Surveys of America

In compliance with requirements from FINRA, all e-mail sent via the WSFG domain will be subject to review and archiving by Wall Street Financial Group, Inc.

Email management, archiving & monitoring technology powered by Smarsh, Inc.

Disclosure:
Only securities and advisory services offered through Wall Street Financial Group, Inc. Registered Investment Advisor. Member FINRA/SIPC. Norumbega Financial, Wall Street Financial Group, Inc. and other companies listed herein are separate entities, independently owned and operated.

Print this Story