Rethinking Retirement
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If you're like a growing number of Americans, you're probably facing some uncomfortable realities that may be forcing you to rethink your retirement.
A growing crisis of confidence was revealed in The Hartford's latest survey of a cross-section of Americans ages 45 and older. Those survey results, released Dec. 14, show that respondents are increasingly looking to Social Security to meet their financial needs in retirement, yet very few think it actually will.
Survey Highlights
- Americans are searching for stability as they watch their nest eggs languish — at the same that Congress is grappling with the future of Social Security and the retirement age.
- Social Security and other government-sponsored pensions are increasingly the top source of retirement income for Americans. Two in five respondents now identify Social Security and other government pensions as their No. 1 source of retirement income, up from one in four in 2006.
- Yet most people realize that Social Security will not provide enough income for them to continue their lifestyle in retirement, a sentiment that has grown steadily over the past five years (85.4 percent in 2010 compared 81.1 percent in 2006).
- Retirement priorities are undergoing a fundamental shift. Keeping up with daily expenses for food, shelter and other basic needs is increasingly the top concern of retirees, even if it means working longer.
- Most American couples have a dwindling sense of confidence that their combined sources of income will be sufficient in retirement, and a growing number are uncertain about when they'll be able to retire.
The Hartford's latest research findings on retirement are featured in the special advertising sections of Fortune magazine which will be on newsstands December 13. For more details on the results, download your copy of The Hartford's 2010 Investment and Retirement Survey. 
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 Answer a few questions to see how you compare to those who answered the official survey.
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For its September 2010 retirement study, The Hartford spoke to 764 Americans above the age of 45, margin of error +/-3.5%.
The Hartford is the Hartford Financial Services Group, Inc. and its subsidiaries.
Distributed by Hartford Securities Distribution Company, Inc.
This information does not constitute personalized investment or financial planning advice. Consult with your financial professional before making any investment decisions.
This information is written in connection with the promotion or marketing of the matter(s) addressed in this material. The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting, or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice
