Retirement Investors Series

Balancing Act

Retirement Timing and Key Considerations

Though the “perfect” time to retire varies by individual, explore reasons workers retire and how availability and eligibility can drive timing.

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The Desire to Retire: Availability and Eligibility Can Drive Timing

The most common reasons investors retire at a particular age tend to be voluntary and for positive reasons, such as the desire to enjoy retirement as soon as possible, having enough money accumulated, or claiming pension or Social Security benefits.

For pre-retirees, planning to retire at a specific age is commonly motivated by aligning their retirements with eligibility and availability of certain benefits.

Finding Equilibrium: Retirement Timing

Though the “perfect” time to retire varies by individual, many investors align their retirement with availability and eligibility for benefits. No matter where they are in their retirement journey, there are factors that pose risks and raise concerns likely to affect their confidence in the timing of their retirement. Investors can supplement guaranteed income sources with annuities, ensuring that they are able to cover their expenses and increasing their confidence in beginning their retirements when they desire.

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Retirement Investors: Behaviors, Attitudes, and Financial Situations

LIMRA’s 2023 Retirement Investors Survey tracks the perceptions, attitudes, behaviors, and financial condition of retirees and non-retired workers in the United States.

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Retirement Investors Series

Explore the perceptions, attitudes, behavior, and financial conditions of retirees and non-retired workers as they navigate the retirement journey.

The Retirement Journey: Navigating Income Perceptions and Realities

How do non-retired workers’ perceptions of retirement compare to the realities of retirement for retirees?

Advisors and Retirement — Income Planning and the Role of Annuities

Learn how investment advisors position annuities and provide retirement income planning to their clients.

Balancing Act: Retirement Timing and Key Considerations

Though the “perfect” time to retire varies by individual, explore reasons workers retire and how availability and eligibility can drive timing.

The Art and Science of Wholesaling

To explore the current landscape and future of wholesaling, LIMRA surveyed wholesalers to learn about their activities, opinions, interactions with financial professionals, and perspectives on the future.

Defined Contribution Industry Professionals — Perspectives on Retirement Income: Summary Report

The use of defined contribution (DC) plans, especially to generate retirement income, is a critical topic in the retirement industry.

This survey focused on individuals who are most likely to be considered part of the market for products and services for individual retirement products and services, workers and retirees, age 40-85, with household investable assets of $100,000 or more.

Footnotes

1 Direct comparisons between retirees’ actual and pre-retirees’ anticipated age at retirement are of limited use if no attempt is made to control for
current ages of each group. See “Retirement Timing Redux,” MarketFacts, Issue 4, 2019.
2 When Medicare benefits and most workplace pension benefits become available.
3 The earliest Social Security benefits can be claimed.