SOA's research suggests that 35 percent of pre-retirees feel they won't be able to actually retire in a timely fashion, citing ongoing a continued economic downturn.
The SOA says that retirees and pre-retirees are considerably underestimating their life expectancies, which will have a huge impact on longevity planning.
Consumers who rely on financial advisors are more likely to be saving in a retirement plan and to be saving at a higher rate than those without an advisor, according to a new study.
A Nationwide Financial survey suggests retirees with a quarter-million dollars in household assets feel they are prepared to cover their future health care needs.