Trends Report

Consumers Aren't Comfortable Estimating What They'll Need For Retirement

April 19th, 2007
Bill Doyle, null
Bill Doyle
With contributors:
Carrie Johnson , Eric Dolan , Brian Tesch

Summary

Americans younger than 60 bear more responsibility for financing their retirements than previous generations did. As a result, individual financial plans for retirement are more important than ever. Yet few Americans have begun to develop a plan for retirement. What's holding them back? Most lack confidence in their ability to provide the estimates required by today's plans, such as how much their retirement will cost. To break this Catch-22, smart product managers will combine electronic delivery and human advice to deliver a more accessible brand of retirement planning.

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