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ING U.S. Retirement Services, Windsor, Conn., a unit of ING Groep N.V., Amsterdam, has published figures supporting that conclusion in a summary of results from a Web survey of 301 individuals employed by colleges, universities, technical schools and other post-secondary schools who participate in defined contribution plans.
About 62% said they are less certain today about living comfortably in retirement than they were before the financial market decline in 2008, but 63% said they do not expect to delay their retirement in light of the financial downturn.
Although 64% said they had calculated their retirement income needs at some point in life, 30% admitted that they have not done so within the past year, ING says.
In other survey findings:
- 40% of the participants said they have never changed their retirement plan investment mix.
- 28% said they have not changed their asset allocations in the past year.
- 55% of the participants ages 55 and over have sought retirement advice from a financial professional.
- 26% of the participants who have not sought a professional’s financial advice said they would now consider doing so.