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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

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

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,001.22 -38.27 -0.22%
S&P 500 1,988.40 -3.97 -0.20%
NASDAQ 4,538.5510 +6.4470 0.14%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs