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AnalysisAdvisorsPractice managementThe Rainmaker

F&G finds 51% of pre-retirees plan to semi-retire rather than stop working

A same-day WTW survey found 36% of U.S. employees feel financially secure, down from 46% in 2019.

At a glance

  1. The same survey found 51% expect to retire later than they originally planned; a second F&G survey put the share of pre-retirees weighing a delay at 75%.
  2. On the same day, WTW reported that the share of U.S. employees who felt financially secure fell to 36% from 46% in 2019.
  3. Morningstar reported that the 2032 exhaustion date for Social Security's retirement trust fund holds and the funding gap widened to 4.42%; absent legislation, benefits would be cut about 22%.

An F&G survey of pre-retirees found 51% plan to semi-retire rather than stop working, and only 21% equate retirement with quitting work outright. The same survey found 51% expect to retire later than they originally planned; a second F&G survey put the share of pre-retirees weighing a delay at 75%.

On the same day, WTW reported that the share of U.S. employees who felt financially secure fell to 36% from 46% in 2019.

Morningstar reported that the 2032 exhaustion date for Social Security's retirement trust fund holds and the funding gap widened to 4.42%; absent legislation, benefits would be cut about 22%. Morningstar also put retirement shortfall risk at 40% to 45%, and excluding long-term-care costs lowers that figure by about 25%.

Reported by the Practice management desk from F&G survey coverage, WTW survey coverage, Morningstar retirement research coverage and FPA and Allianz planner survey coverage. Published . Corrections

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