Numerology: Worried, but Staying Put

A new survey conducted by ING’s U.S. Retirement Services unit found that retirement plan participants employed at colleges, universities, and post-secondary schools have become less sanguine about living comfortably in retirement than before the markets decline, yet a full 40% said they had never changed their retirement plan investment mix. The survey was conducted online last October 14-19 among 301 higher education employees who participate in their employer’s defined contribution plan.

Sixty-two percent felt less confident about living comfortably in retirement, but 63% said they did not expect to delay their retirement in light of the markets decline; 64% said they had calculated their retirement income needs during their lifetimes, but 30% had not done so within the past year.