Talking Points
Biggest Threats People See to Their Current Financial Health
Retirement Nest Eggs
On average, Americans have saved $327,090
for retirement—an average
13.3% of their annual income.
401(k)s Give Sense of Security
Eighty-three percent of households owning defined contribution and/or individual retirement accounts are confident they will meet their retirement goals.
Retirees’ Goals
Retirees’ No. 1 financial objective is to have peace of mind, followed by to maintain an acceptable quality of life, to manage day-to-day expenses, to reduce debt and to have a plan to convert assets into a stream of income.
Plan Sponsors’ Goals
Plan sponsors’ top three goals for this year are to expand financial well-being programs, to keep retirees’ assets in the plan and to locate missing participants.
Forced to Retire Early
The reasons why people retire earlier than planned are due to health shocks, employment shocks, familial shocks and financial shocks.
Biggest Retirement Fears
Student Loan Debt Relief
As the cost of college in the U.S. has increased nearly 400% since 1990, “savvy employers are introducing benefits such as tuition assistance programs and student loan repayment plans.
The Most Common Financial Well-Being Topics
Pension Risk Transfer
According to the MetLife 2019 Pension Risk Transfer Poll, among defined benefit plan sponsors with de-risking goals, 76% intend to completely divest all of their company’s liabilities in the future.
Retirees on Sound Financial Footing
when they were working
help family with tuition or housing