I get tired of reiterating studies on the shortfall between pre-retirement preparedness and post-retirement reality. But that doesn't mean workers should ignore the message; it just means they should filter the noise.

The statistics are startling, and what's even worse is there's no telling whether anyone's listening. But specifics on the obstacles pre-retirees need to confront can help narrow down the situation. Better to face challenges head-on than save as much as we can and hope for the best.

That being said, I'm glad researchers from the Robert Wood Johnson Foundation and the Harvard School of Public Health took a hard comparative look this week at views from those nearing retirement versus those who have retired. Unfortunately (or eye-opening, depending on how you look at it), 25 percent of retirees think life in retirement is worse than before they retired.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.