Research Report: Post Retirement Needs and Risks

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LeeMKE
Posts: 1732
Joined: Mon Oct 14, 2013 9:40 pm

Research Report: Post Retirement Needs and Risks

Post by LeeMKE » Mon Jul 17, 2017 4:31 pm

From the Society of Actuaries,

https://www.soa.org/research/topics/agi ... c-landing/
This page has links to a variety of topics they have researched on retirement and aging.


https://www.soa.org/research/topics/res ... risksurvey
The latest research about retirees and their financial situations is here and I read through the Key Findings for the 2015 study. Some scary stuff about the condition of retirees financial adjustments to challenges.

Lots of interesting stuff here for Silver Bogleheads.
Another interesting finding is that most interviewees (six in 10) did not think they could have done anything to avoid the shock(s). So why plan if that’s your thought process? As noted in the introduc- tory piece, this is an interesting finding. It seems consistent with relatively low interest in buying risk protection products. It also indicates a lack of thinking about alternative financial planning methods, for instance setting aside some sort of fund. That would not remove the expense, but at least it would shift it from being unexpected to being something that was planned.
The mightiest Oak is just a nut who stayed the course.

Emilyjane
Posts: 115
Joined: Sat Jul 27, 2013 6:39 am

Re: Research Report: Post Retirement Needs and Risks

Post by Emilyjane » Mon Jul 17, 2017 10:59 pm

Interesting. Thanks for sharing this.
"Real knowledge is to know the extent of one's ignorance", Confucius

mhalley
Posts: 5827
Joined: Tue Nov 20, 2007 6:02 am

Re: Research Report: Post Retirement Needs and Risks

Post by mhalley » Tue Jul 18, 2017 1:40 am

Very interesting reading. 48% of those retiring at <50 did so with no spending plan? Wow. :oops:

LeeMKE
Posts: 1732
Joined: Mon Oct 14, 2013 9:40 pm

Re: Research Report: Post Retirement Needs and Risks

Post by LeeMKE » Tue Jul 18, 2017 9:58 am

Our work here is not done.

Hard to believe so many are flying blind. IMHO so many have ill prepared for retirement, and are afraid of knowing how bad it is. So they just launch (or are pushed- by illness or layoff) and figure they'll figure it out later, like they think their parents did. Note that later retirees thought it was easy and seemed to have no plan either (what you can't fix, you adjust to as the new reality).

Wow.
The mightiest Oak is just a nut who stayed the course.

Sidney
Posts: 6686
Joined: Thu Mar 08, 2007 6:06 pm

Re: Research Report: Post Retirement Needs and Risks

Post by Sidney » Tue Jul 18, 2017 10:09 am

mhalley wrote:Very interesting reading. 48% of those retiring at <50 did so with no spending plan? Wow. :oops:
What is the definition of a spending plan in that context?
I always wanted to be a procrastinator.

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