TITLE

Personality Types and Retirement

PUB. DATE
June 1998
SOURCE
Journal of Financial Planning;Jun98, Vol. 11 Issue 3, p16
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article focuses on a Retirement Confidence Survey by the Employee Benefit Research Institute (EBRI) which found that people in the U.S. fall into five personality types when it comes to planning and saving for retirement, as of June 1998. They range from the Self-Confidents who are highly likely to rely on personal savings for retirement and Pension Planners who rely on an employer-funded plan in retirement, to the Government Dependents relying on social security. The Pension Planners, who make 26% of respondents was the only group in which over half were confident they would have enough to live on for retirement. However, the Self-Confidents, who also made up 26% of those surveyed, was the only group of whom at least half had even tried to determine how much they need to save by the time they retire. The survey looked at personal confidence in retirement, confidence in the social security and Medicare systems, and the importance of various sources of retirement income.
ACCESSION #
769212

 

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