Most Americans underestimate needed retirement income
January 29, 2014 by Warren S. Hersch
More than one-third (34 percent) of Americans who participate in a retirement plan say the primary goal of their plan is to generate guaranteed monthly income, new research shows.
TIAA-CREF discloses this finding in a nationwide survey of 1,017 adults, age 18 years and older, on their retirement plans. The study was conducted by KRC Research, an independent research firm.
According to the report, an additional 40 percent of Americans want to ensure their savings are safe regardless of what happens in the financial markets. And 15 percent desire a competitive rate of return on their savings.
Originally Posted at LifeHealthPro on January 29, 2014 by Warren S. Hersch.
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