But consumers can stem this anxiety by increasing their awareness
about retirement planning options and preparedness, as well as deciding what retirement means for them.
Even if you feel you're both too young to start
worrying about retirement planning, it's important to start setting money aside for long - term plans as soon as possible.
I know very
little about retirement plans and don't plan to ever touch this money until I retire but could this money be of better use somewhere else?
You can find a wealth of information
about retirement planning on the «Retirement Planner» page of the Social Security Administration website.
This site will be a resource for consumers to get educated about indexed annuities, find answers to questions you should be asking before purchasing an indexed annuity and learn more
about retirement planning in general.
Talk to your
heirs about your retirement planning and keep the line of communication open to ensure that you are all on the same page regarding their inheritance of your home and how you may consider using your equity.
If you're the kind of person who likes to dig deep into a problem and learn every
detail about a retirement plan, for example, Chatzky's common sense advice probably isn't for you.
Now in its fifth year in the United States, 1 second year in the United Kingdom2 and third year in Canada, 3 Franklin Templeton's Retirement Income Strategies and Expectations (RISE) survey uncovers some surprising
insights about retirement planning and perceptions.
Get serious
about your retirement planning at least 5 years prior to your expected retirement date, to allow time to make whatever changes are required to your savings goals while you're still working.
William Goetzmann and Nadav Peles surveyed a group of investors belonging to the American Association of Individual Investors (AAII) and a group of
architects about their retirement plan investment returns.