Insight
Hiding Behind the Averages
Our retirement research results look beyond the surface to challenge conventional wisdom and gain insights for stakeholders to take action.
Key takeaways
- Having a balance of guaranteed and nonguaranteed retirement income sources is related to a more positive outlook on retirement.
- Managing savings sources helps maximize retirement income by focusing on tax-efficient ways to draw income.
- Having a retirement savings goal can help in achieving a retirement target, but people often adjust their retirement date or spending in retirement—by force or by choice.
- Social Security and Medicare are complicated; near-retirees can plan ahead and enlist experts to maximize their benefits.
- Additional support can improve planning and outcomes for underserved segments, including women, African Americans, and Hispanics.