Investors Suggest New Job as Retirement Strategy

While half of non-retired investors admit to guessing about retirement, when asked to evaluate the major sources of retirement funding, investors say their funds will come from the following sources:  

• One in four (24%) of the non-retired say Social Security will be a major funding source for them in retirement, compared to 52% of retirees. 
• Two in three (69%) of the non-retired say their 401(k) will be a major source of retirement funding, compared to 27% of the retired. 
• Thirty-two percent (32%) of the non-retired expect pensions to be a major funding source for retirement, compared to 49% of retirees.  
• Thirty-five percent (35%) of the non-retired call stock investments a “major source” of retirement funding, compared to 27% of the retired. 

These findings are part of the Wells Fargo-Gallup Investor and Retirement Optimism Index, which was conducted June 30 through July 11. The sampling for the Index included 1,020 investors randomly selected from across the country. 

Rebecca Moore
editors@plansponsor.com