Forrester’s May 2024 Consumer Pulse Survey reveals a gap in perceptions about how to pay for a comfortable retirement. Of those earning under $120,000, 50% believe they will need income from the government to pay for basic living expenses in retirement. Yet 36% believe their current financial plan puts them on track for a comfortable retirement. The opposite is true for those earning above $120,000: 71% of them believe their current financial plan puts them on track for a comfortable retirement but only 25% believe they will need income from the government to pay for their basic living expenses. Wealth management firms can play a key role in helping their clients prepare for retirement and turning their perceptions into reality.