This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

New Data From BlackRock Investor Watch™ Survey Finds: INVESTORS LOWERING EXPECTATIONS FOR RETIREMENT LIFESTYLES -- AND INFORMATION GAPS, LACK OF PLANNING STILL POSE RISKS

Many investors are lowering their expectations for their retirement lifestyle -- but even those somewhat diminished plans could be at risk because of key information gaps regarding retirement’s realities combined with insufficient focus on planning, according to findings released today from the latest BlackRock (NYSE: BLK) Investor Watch™ survey.

More than four in 10 (42 percent) of non-retired investors say they have lowered their expectations for the kind of lifestyle they will have in retirement. Half of investors say either they have pushed their date back to retire later (15 percent) or are unsure regarding when they will retire (35 percent).

At the same time, many investors continue to misunderstand or underestimate both the financial and demographic realities of retirement, and they also make retirement planning a relatively low priority.

Just 51 percent of non-retired investors agree (and only 10 percent strongly agree) that they know how much to save to cover the lifespan of their full retirement. More than one-third (37 percent) say they are not confident that they will achieve the annual income they need for the time they expect to be in retirement.

About one in three expect to spend less than 15 years in retirement – despite the fact that a healthy couple aged 65 in the U.S. today has a 50 percent chance that at least one of them will live to the age of 92.* Assuming retirement at age 65, that translates into 27 years of retirement.

“It’s common for investors to underestimate how much money they will need to cover themselves for their life when retired,” says Frank Porcelli, head of BlackRock’s U.S. Retail Business.

“Retirement today is not a single life stage and the new reality is that it could cover a 25-year period or longer during which time an individual’s needs, goals and risk tolerance are likely to change.”

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,011.94 -28.43 -0.16%
S&P 500 2,109.60 -2.13 -0.10%
NASDAQ 5,076.5240 -6.4050 -0.13%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs