The Fear of Inadequate Retirement Income

The Principal Financial Group conducts regular financial surveys of working adults and retirees to arrive at a “Well-Being Index.” The surveys are conducted quarterly and the results are then published for general distribution.

The Well-Being Survey for the third quarter of 2009 was recently published and covers responses received between July 30 and August 11, 2009. The results are interesting but not surprising.

When asked to name the one single financial issue that caused them concern (as in keeping them awake at night), the most common answer for both employees (35%) and retirees (25%) was being able to afford and pay for the basic necessities of life.

What is the only way to eliminate this concern over insufficient retirement income? You must have a plan for generating a guaranteed retirement income that will cover your basic lifestyle needs. The solution is that simple. Creating the plan can also be simple, using the correct tools such as the FAILSAFE RETIREMENT™ System. Completing the plan may be more challenging. But having no plan at all is a sure way to keep yourself up at night with fear and dread.