Contact Us
Make My Homepage

Survey Shows Angst About Retirement [AUDIO]

A new survey shows many of us are thinking about retirement, and are starting to realize it is not cheap.

Galloway National Golf Club, Facebook

The survey comes from the Employee Benefit Research Institute. The Institute’s Nevin Adams says 28 percent in the survey this year were not at all confident in their retirement prospects.

“Contrast that with 13 percent who did actually say that they were very confident in those prospects.”

Almost half of those surveyed said they should be putting aside 20 to 30 percent of their incomes to comfortably retire.

The Institute’s Jack VanDerhei says that’s a good sign.

“Clearly they understand what it’s going to take to get them to where they need to be at retirement age. Unfortunately we just haven’t seen that translated into action yet in terms of increased savings.”

“Something north of 70 percent were willing to put on the table a number greater than 10 percent,” Adams adds.

Adams says worry about being able to retire was higher this year than it has been in the survey’s 23-year history.

“Before they pull the trigger on retirement, they have to make sure that they really do have enough money to retire now,” VanDerhei says.

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

Best of NJ 101.5

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for New Jersey Insiders quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive New Jersey Insiders contests, events, coupons, presales, and much more delivered to you for FREE.