Workers who proactively engage in retirement planning enjoy higher levels of retirement confidence than those who don’t, new research shows.
Transamerica Center for Retirement Studies, Baltimore, Md., discloses this finding in its “14 Annual Transamerica Retirement Survey.” The online survey polled 3,651 workers ages 18 and older, including full-time or part-time workers in a for-profit company employing 10 or more people.
The report compares the sentiments of workers who are proactive about retirement planning, dubbed “power planners” in the survey against those of all workers. Respondents include:
“future early retirees” or those who plan to retire sooner than age 65;
“10 percenters” or the 22 percent of workers who save 10 percent or more of their annual salary through company-sponsored plans;
“strategies” or individuals who have a written plan;