Boomers and current retirees share a deepening concern about soaring costs.
Pre-retirees and retirees also worry about protecting the value of their assets from inflation, having enough money to pay for long term care, paying for adequate health care, and maintaining a reasonable standard of living after the loss of a spouse, according to the authors of the Risks and Process of Retirement Survey Report from the Society of Actuaries, Schaumburg, Ill.
When the researchers commissioned a survey, they found that 57% of the participating retirees and 63% of pre-retirees cited inflation as one of the top retirement risks, while 52% of the retirees and 63% of the pre-retirees cited affording long term care as a major concern.
Affording adequate health care ranked third. That concern was cited by 51% of the retirees and 69% of the pre-retirees.