Surveys pinpoint retirement fears.The life industry continues to churn out churn n. A vessel or device in which cream or milk is agitated to separate the oily globules from the caseous and serous parts, used to make butter. v. churned, churn·ing, churns v.tr. 1. studies on retirement income. A recent Prudential Financial survey of Americans aged 55 to 64, found that near-retirees simply don't know Don't know (DK, DKed) "Don't know the trade." A Street expression used whenever one party lacks knowledge of a trade or receives conflicting instructions from the other party. what to do with their nest eggs Nest Egg A special sum of money saved or invested for one specific future purpose. Notes: Examples of the purposes for which nest eggs are usually intended include retirement, education, and even entertainment (vacations and cruises). once they stop working despite their overwhelming preference for a guaranteed income stream. Fewer than half of respondents In the context of marketing research, a representative sample drawn from a larger population of people from whom information is collected and used to develop or confirm marketing strategy. had even heard of the income annuity option, and just 9% said they would use it. The study underscored a need for better education and called on employers and retirement-plan providers to help retiring workers create regular retirement paychecks. A more recent survey of Americans of all ages by the National Association for Variable Annuities Variable annuities Investment contracts whose issuer pays a periodic amount linked to the investment performance of an underlying portfolio. found that 95% have financial fears about retirement. Those from 18 to 34 years old worry most about running out of money. Those from 35 to 54 worry about their ability to maintain their lifestyles, Americans with at least some college education worry greatly about health-care costs. Social Security anxiety ranks low among all respondents, and inflation worries rank last. |
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