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new article written by MainStreet.comin conjunction with these survey results, Americans are also taking social security payments earlier than they should. "As long as they are eligible, many Americans equate the date they retire with the date they file for Social Security," says
Bill Meyer, co-founder of a private research and counseling firm called Social Security Solutions. "Instead, retirees should separate those decisions and look at Social Security as if it's another asset in their portfolio."
Key survey findings:
2 in 3 Millennials expect to retire by the age of 65; yet 70% have not started planning or saving for retirement
Employee-sponsored retirement savings plans are instrumental in both Millennials and Baby Boomers retirement planning strategies; with more than 60% of both groups contributing to them to use as a future source of income
70% of Baby Boomers currently have life insurance; with the birth of a child fueling that purchase
1 GfK Custom Research North America,
June 2013About the SurveyResults contained in this report are based on a survey conducted by TheStreet and GfK Roper Public Affairs & Corporate Communications. Telephone interviews were conducted from
June 14-16, 2013 among a total of 1,000 adult Americans. The margin of error for this study is +/- 3 percentage points for the sample.
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