LIMRA Secure Retirement Institute: Expectations vs. Reality – More than a Quarter of U.S. Retirees Underestimated Basic Living Expenses in Retirement
WINSDOR, Conn. Oct. 16, 2017— A new study by LIMRA Secure Retirement Institute finds 26 percent of retirees said their basic living expenses in retirement were higher than they expected prior to retiring.
LIMRA Secure Retirement Institute finds many retirees underestimate their retirement expenses in the areas of basic living expenses, health care and long-term care expenses and discretionary expenses.
Annuity ownership leads to greater confidence in retirement outcomes LIMRA Secure Retirement Institute provides comprehensive, unbiased research and education about all aspects within the retirement industry to improve retirement readiness and promote retirement security.
WINDSOR, Conn., Nov. 26, 2012 — Only one in four of the 33 million U.S. pre-retirees (non-retired, aged 55-70) said they felt very prepared for retirement, compared to 30 percent of pre-retirees surveyed in 2010, according to a new study by LIMRA.
A new LIMRA Secure Retirement Institute study finds retiree annuity owners feel more confident that they are more likely to afford their preferred retirement lifestyles - even if they live to age 90 or older - than retirees who do not own an annuity. The study includes retirees with annual household incomes of $35,000 or more.
Majority of U.S. Workers Find Retirement Income Projections Helpful, Finds LIMRA Secure Retirement Institute
WINDSOR, Conn., Dec. 4, 2013-A new study by the LIMRA Secure Retirement Institute (SRI) reveals that 9 in 10 U.S. workers find retirement income projections somewhat or very helpful.
Everyone has heard the statistic: more than 10,000 Americans are turning 65 each day. As a result, more than 66 million American will be retired by 2025.
LIMRA: One Quarter of Canadian Pre-retirees Not Confident of Having a Financially Comfortable Retirement
WINDSOR, Conn., Jan. 22, 2013—Twenty-four percent of Canadian pre-retirees (non -retired, age 50-65 with at least $50,000 in investible assets) are not confident that they will be able to live comfortably in retirement and about half of Canadian pre-retirees expect to have a lower standard of living compared with their existing lifestyle, according to a new study by LIMRA.
Women’s roles in our society have changed over the past 50 years with more women receiving degrees and joining the workforce. Nearly 60 percent of women were in the U.S. labor force in 2016, and the proportion of working women with college degrees has almost quadrupled since 1970.