TITLE

The Retirement Reality Gap…

PUB. DATE
October 2007
SOURCE
Journal of Financial Planning;Oct2007, Vol. 20 Issue 10, p14
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article reports results from a study performed by the Employee Benefit Research Institute. The Institute's findings reveal a sizeable gap between the financial realities of current retirees, and how workers envision their own finances upon retirement. Half of workers expect the largest source of retirement funds to be their own savings, yet this is true for less than a quarter of those retired. Forty percent of retirees say Social Security benefits compose their main source of income, although fewer than one in seven workers expect that will be the case for themselves. Workplace retirement programs figure far more prominently in the plans of workers than they do in reality for retirees.
ACCESSION #
27037062

 

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