New Ernst & Young Study Shows Percentage of Americans Who Will Outlive Financial Assets in Retirement
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A new study prepared by Ernst & Young reveals the percentage of middle-income Americans that will outlive their retirement savings and the major reduction in standard of living they will have to make to avoid outliving savings. The study provides national and state-by-state results. A telephone press briefing will be held to discuss the study’s findings and offer details about those states most at risk.
WHAT:Telephone press conference briefing on a new report titled “Retirement
Vulnerability of New Retirees: The Likelihood of Outliving their Financial Assets.” Findings include:
- Percent of retirees that will outlive their financial assets
- National findings
- Findings for all 50 states and the District of Columbia
- Reduction in standard of living retirees will have to make to avoid outliving their financial assets
- Findings are categorized by income, gender, and marital status
- A comparison between those entering retirement now vs. those that are seven years away from retirement
- A comparison between those that have a guaranteed source of income in retirement vs. those that are saving entirely on their own
- What people can do to avoid outliving their financial assets in retirement
WHO: The study’s author, Tom Neubig of Ernst & Young, and Joe Reali, Chairman of Americans for Secure Retirement, will present key findings of the study and answer questions
WHEN: Monday, July 14, 2008 at 2:00 PM EDT
HOW:To dial in to the conference, please call (866) 848-2906 and enter the Passcode 55424586
Source: Americans for Secure Retirement
[...] Guest Room Recs wrote an interesting post today onHere’s a quick excerpt A new study prepared by Ernst & Young reveals the percentage of middle-income Americans that will outlive their retirement savings and the major reduction in standard of living they will have to make to avoid outliving savings. The study provides national and state-by-state results. A telephone press briefing will be held to discuss the study’s findings and offer details about those states most at risk. WHAT:Telephone press conference briefing on a new report titled “Retirement Vulnerabil [...]