Retirement Income Strategies and Expectations (RISE) Survey 20111
The survey revealed, nearly a third (31 percent) of Americans agreed that running out of money was their top concern in retirement, and almost half of all respondents (47 percent) would keep working if they were unable to retire as planned.
The survey showed that 79 percent of Americans currently do not work with a financial advisor but nearly half (47 percent) of respondents said they would consider going to a financial advisor or switching their current advisor if the advisor prepared a written retirement income plan.
“A large number of Americans are not currently enlisting the help of a financial advisor, in many cases because they think they don’t have enough money to warrant working with one,” said David McSpadden, senior vice president of Global Advisory Services for Franklin Templeton Investments. “The fact is, most Americans do want to retire at some point, but they may be missing a key resource for helping to determine how they will get there.”
Survey data also showed that while 41 percent of 35- to 44-year-old respondents were invested in a workplace retirement plan, a third (34 percent) of respondents in that age group said they hadn’t thought about their approach to employing different sources of retirement income.
For additional key findings, download the Retirement Income Strategies and Expectations (RISE) Survey Summary
* Franklin Templeton, Retirement Income Strategies and Expectations (RISE) Survey, 2011
1. The Franklin Templeton Retirement Income Strategies and Expectations (RISE) survey was conducted online among a sample of 2,046 adults comprising 1,020 men and 1,026 women 18 years of age or older. The survey was administered between September 15-18 and 19-21, 2011 by ORC International’s Online CARAVAN®.
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