Close
ThinkAdvisor

Retirement Planning > Retirement Investing

AXA Equitable: Americans Revising Retirement Plans

X
Your article was successfully shared with the contacts you provided.

Recent market volatility and increases in life expectancy have forced many Americans to adjust their retirement plans and expectations.

Analysts at AXA Equitable Life Insurance Company, New York, a unit of AXA S.A. Paris, have reported that finding in a summary of results from a survey of about 1,000 U.S. residents ages 25 to 70 that was conducted in December 2009. The survey participants were financial decision-makers with household income of at least $75,000 or investable assets between $250,000 and $999,999.

About 42% of the participants said they plan to delay retirement, and the participants who said they would push back retirement expect to do so by average of 6 years. Their average planned retirement age has increased to 68, from 62.

AXA Equitable found that 27% of the participants plan to go back to work after “retiring,” and that the percentage who already have returned to the work force has increased to 17%, up from 9% in February 2009.

Other survey findings:

- 84% of the participants worry about inflation and losing money on investments.

- 85% worry about having inadequate sources of guaranteed income.

- Only 19% are are confident in their ability to invest in equities, but 60% still believe that investing in equities is important.

More on this topic