National Retirement Planning Week

Retirement planning is an important effort for individuals to consider and plan for. There are a multitude of risks and challenges to face leading up to and during retirement. Over the years, the SOA has developed several different research projects and studies on risks and issues in retirement. These SOA research topics cover living longer, running out of money in retirement, managing retirement decisions and retirement income solutions.

This April 13-17 marks National Retirement Planning Week. It focuses on spreading awareness of the financial needs in retirement. The week is hosted by the National Retirement Planning Coalition, a group of prominent education, consumer advocacy and financial services organizations. The coalition has collected the latest resources at www.RetireOnYourTerms.org to help consumers and financial professionals focus on long-term financial goals. The SOA is one of the partnering organizations of National Retirement Planning Week.

Recent research from the SOA covering retirement planning, in terms of the issues and concerns of retirees and pre-retirees in the U.S. The 2013 survey findings indicated that only 36 percent of the surveyed pre-retirees have a financial plan. Nearly 45 percent of pre-retirees think it is very possible to plan for day-to-day expenses, though they are less likely to plan for other issues in retirements. Around 70 percent of pre-retirees plan to work longer in retirement, while only 37 percent of retirees took this approach to address retirement risks.

Visit the SOA’s post-retirement needs and risks page for more retirement risk research. A selection of retirement and pension resources are also available on the SOA’s emerging topics page.

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Discussion

One response to "National Retirement Planning Week"

  • Elad Smadja says:

    We need to look inwards before we can educate the world on retirement planning. How many actuarial students do you know that are not making adequate provisions for their own retirement?

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