The population may be aging, but that hasn’t gotten a lot of
Americans to plan for retirement. According to a survey released by ING Retirement Research Institute, 71% of Americans lack a formal
investment plan to help them reach their retirement goals.
The study, conducted by the ING Retirement Research Institute,
showed that nearly half (48%) of respondents aged 25 to 69 who are
employed full-time and earn at least $40,000 a year don’t feel prepared
for retirement. That’s despite the fact that 75% of that same group do
contribute to their workplace’s retirement plan. The study also found that
only 43% of those surveyed calculated how much money they will need to
continue their current lifestyle once they retire. And only 28% are
working with a financial professional to help meet objectives.
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