Many people save and invest diligently throughout their working lives, but often overlook one crucial aspect
of retirement preparation: a written financial plan.
For numerous small businesses — with tight budgets and a bevy of rules and regulations — sponsoring a plan is simply too much of a burden, which means that many employees are left out in the proverbial cold when it comes to
retirement preparation.
Boomer confidence regarding
their retirement preparations and expectations has declined since 2011 — from 44 % expressing confidence in 2011 compared to 35 % today.
• Faculty savings behavior and perceptions: The Retirement Confidence Survey of College and University Faculty was conducted by the Employee Benefit Research Institute (EBRI), Mathew Greenwald & Associates, Inc. (MGA), and the TIAA - CREF Institute, and underwritten by TIAA - CREF, to better understand the retirement planning and saving behavior of college and university faculty, as well as to gauge perceptions regarding various aspects of
their retirement preparations.
How does
your retirement preparation change?