Retirement Income

More than 20 million individuals will reach retirement age over the next five years. A large portion of these are mass affluent households, those with a net worth not including their primary residence of $100,000 to $1 million. How are these households planning to structure their financial lives in retirement? Does the market crash of 2008 mean that they will be adverse to leaving their nest-egg exposed to the fluctuations of the market? If so, will that translate into a bonanza for annuity providers? Or, will they be seeking out advisors to help them identify other approaches for controlling risk and maintaining the level of income they need? This report focuses on mass affluent households close to retirement and provides the information providers need to meet their needs.

 

 

A total of 417 individuals age 50 or over were surveyed online in late 2010. The sample was drawn from a representative panel and was stratified to ensure representation at all net worth levels.