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Experts Cite 10 Consumer Misperceptions That Can Hinder a Comfortable Retirement.

Publication: PR Newswire
Publication Date: 24-MAY-05 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
WINDSOR, Conn., May 24 /PRNewswire/ -- A secure and worry-free retirement is a cherished dream for millions of Americans but a new report cites 10 ways in which consumers lack a realistic understanding of what they need to do to achieve that dream.

The 10 retirement misperceptions are the focus of a report from LIMRA International, the Society of Actuaries and Matthew Greenwald & Associates. The research was sponsored by the Society of Actuaries Committee on Post- Retirement Needs and Risks.

"Unfortunately, many workers and retirees have an incomplete or misleading picture of how much they need to save, how to invest such savings effectively and how to make their money...

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