Tuesday, June 21, 2005

Silent Generation Positive About Retirement Income

Metlife published results of a survey they conducted with pre-retirees and retirees age 59-71. They call this group the "silent generation." Here are a few of the findings from the survey that most interested me:

  • There's a correlation between having guaranteed income (annuities and pensions) and comfort level. Over half have some of their assets in annuities.
  • Most feel they have enough money to live comfortably through age 85.
  • Few feel that leaving an inheritance is important.
  • Most overestimate income and underestimate expenses.

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