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A Dichotomy: Seniors are Confident About Retirement Planning, but Concerned About Reaching Goals
A recent study by Fidelity Investments (their 2022 State of Retirement Planning), produce an interesting contradiction…79% of the respondents reported they were confident in the retirement plans they developed, but a nearly equal number of respondents (71%) countered that optimism with concerns about the viability of their retirement position. A post on yahoo.com by Eric Reed offers insight into the causes of this apparent disconnect, drawing on several areas that give rise to the uncertainty many future (and current, for that matter) retirees face. Among these is the impact of longevity on accumulated cash reserves, as well as the unknowns associated with medical costs and general inflation. Check out his post here