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IBD's Paul Katzeff: Here's why many investors DO expect to reach their ideal retirement
The heading to this post is misleading. The referenced article does not address the Why investors expect to reach their goals, but What they will do during retirement. The Why could be useful to others whereas the What belongs in the who cares classification.
In addition, surveys of this nature are likely not true measures of what will really happen. There is a huge disparity between what folks plan or say they plan and what they really execute. It's easy to say we plan to save more; actually saving more is an entirely different matter.
The survey data suggest that an overwhelming percentage of folks feel they are properly prepared for retirement. That reflects either an overwhelmingly over optimistic population, or a survey that is not representative of the general population. Given who conducted the survey, this latter possibility is a likely explanation. T. Rowe Price clients might not be a fair representation of the global population.
I thought that an earlier article written by the same author provided more meaningful insights into retirement issues. Here is the Link to that article:
We all make blunders before retirement and this article identifies savings shortfalls as a major culprit. The chart that is included in the piece yields terrific insights. Enjoy!
Comments
The heading to this post is misleading. The referenced article does not address the Why investors expect to reach their goals, but What they will do during retirement. The Why could be useful to others whereas the What belongs in the who cares classification.
In addition, surveys of this nature are likely not true measures of what will really happen. There is a huge disparity between what folks plan or say they plan and what they really execute. It's easy to say we plan to save more; actually saving more is an entirely different matter.
The survey data suggest that an overwhelming percentage of folks feel they are properly prepared for retirement. That reflects either an overwhelmingly over optimistic population, or a survey that is not representative of the general population. Given who conducted the survey, this latter possibility is a likely explanation. T. Rowe Price clients might not be a fair representation of the global population.
I thought that an earlier article written by the same author provided more meaningful insights into retirement issues. Here is the Link to that article:
http://www.investors.com/etfs-and-funds/retirement/the-retirement-planning-blunder-that-65-of-americans-make-and-how-to-avoid-it/
We all make blunders before retirement and this article identifies savings shortfalls as a major culprit. The chart that is included in the piece yields terrific insights. Enjoy!
Please give this article a look/see.
Best Wishes