While affluent Americans approach retirement planning with far more assets than average savers, they still have concerns about their retirement.
A new LIMRA Secure Retirement Institute study found nearly 70 percent of affluent consumers said maintaining their lifestyle in retirement was a top financial goal.
More than 80 percent of the affluent are confident they will be able to live their desired lifestyle in retirement, but only 4 in 10 are “strongly confident,” despite having substantial assets. Reasons for their concern include market volatility, rising inflation, living more years in retirement and unexpected events.
This particular study looked at Americans at three asset levels: $500,000 to $999,999, $1 million to $3.5 million, and $3.5 million-plus.