American pre-retirees are not taking retirement planning seriously, according to a LIMRA study. Twenty-five percent of the 33 million U.S. pre-retirees, surveyed, said they felt “very prepared” for retirement, down from 30 percent of those surveyed in 2010.
The study considered the pre-retiree population as people between the age of 55 and 70 who have not yet retired. Thirty percent of males said they were very prepared compared to 23 percent of females. Also, people with financial advisors seem to be in a better position with 39 percent of the very prepared already having advisors versus 20 percent who did not.
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