What is out biggest fear when it comes to retirement?
Well, according to a new survey from the Indexed Annuity Leadership Council, our biggest fear is running out of money. Twenty-five percent of Americans are worried about that. And it’s not the first survey to show that trend.
Read the full article at The Washington Post.
While the prospect of living longer excites most Americans, the necessity of needing more retirement savings is causing more and more concern for younger generations.
Read the full article at The Street.
Baby boomers closing in on the traditional retirement years often seek purpose and a paycheck in a second career, also known as an encore experience, next chapter or unretirement. Whatever the term, nonprofit work — focused on addressing society’s pressing needs and promoting arts and culture — has a particular allure for many in this group.
“People want to give back; they want that social impact in the next phase of their life,” said Kate Schaefers, a career and leadership coach in the Minneapolis-St. Paul area. “They also turn the three-legged retirement stool — Social Security, personal savings and retirement savings — into a four-legged stool by adding paid work.”
Read the full article at The New York Times.
Allianz Life conducted a study with the Stanford Center on Longevity Opens a New Window. to explore the topic of longevity, what it means for retirement planning and how advances are leading people to consider alternative life-path possibilities.
“As Americans come to terms with the fact that they’ll likely live an extra 30 years, they have the opportunity to look back and evaluate their past decisions and consider the newfound possibilities for the future afforded by time,” said Katie Libbe, Allianz Life Vice President of Consumer Insights.
Read the full article at Fox Business.
There’s a new take on those post retirement years. “A Gift of Time,” a new study from Allianz Life Insurance Co. says Americans are embracing the opportunity to make up for those decisions they regret, such as the college they attended or the career they chose.
“As Americans come to terms with the fact that they’ll likely live an extra 30 years, they have the opportunity to look back and evaluate their past decisions and consider the newfound possibilities for the future afforded by time,” said Katie Libbe, Allianz Life vice president for consumer insights.
Read the full article at The Washington Post.
Allianz Life commissioned a study of 3,000 Americans and found that around one in three respondents said they had some major life regret — whether it was their choices in education, career or where they lived. While that may sound depressing, the survey also had a more heartening finding. More than nine in 10 Americans said they’d welcome the chance to live an extra 30 years. The best part? They’d use their years to chase their dreams and literally live like there’s no tomorrow.
Read the full article at Huffington Post.
Learn from those who are already living with longevity in mind and see how people are already rethinking their life stages. See video >
A major life insurance company is changing its strategy after coming up with some surprising findings in a new study that it commissioned.
Allianz Life’s survey found that when it comes to big choices over the course of their lives, many Americans are full of regrets, but longer life spans are giving them hope that they can have a second chance.
Read the full article at USA Today.
A new survey confirms that we have forgotten about fun in our golden years. If given another 30 years of life, 56 percent of respondents vowed to “travel extensively,” and 35 percent dreamed of “living in a different place,” according to the study by insurer Allianz Life, in conjunction with the Stanford Center on Longevity.
Read the full article at Reuters.
Before you completely relax into your so-called golden years, you should be aware of the potential financial pitfalls that await as retirement begins. One firm even trademarked the term “retirement red zone” to identify it.
Read the full article at CNBC.