The retirement fear gap: Who really fears running out of money?

k9bmkDEC@?8m%96 C6E:C6>6?E 762C 82Ai (9@ C62==J 762CD CF??:?8 @FE @7 >@?6Jnk^DEC@?8mk^9bm

kAmp=E9@F89 762C @C 2?I:6EJ 23@FE C6E:C6>6?E :D @7E6? 76=E 3J E9@D6 ?62C:?8 E96 286 =:>:E[2 ?6H DFCG6J @7 `[___ p>6C:42?D 4@>>:DD:@?65 3J k2 9C67lQ9EEADi^^;@9?DE6G6?D@?]4@>^E96\C6E:C6>6?E\762C\82A\H9@\C62==J\762CD\CF??:?8\@FE\@7\>@?6J^Qmy@9? $E6G6?D@?[k^2m 2 C6E:C6>6?E\:?4@>6 DA64:2=:DE H9@ D6==D 2??F:E:6D[ D9@HD E92E :?4@>6 =6G6= :D 2 36EE6C AC65:4E@C @7 H9@ :D >@DE 4@?46C?65 23@FE C6E:C6>6?E :?4@>6]k^Am

kAmp>6C:42?D 62C?:?8 =6DD E92? Sad[___ 2 J62C 2C6 ?62C=J 7@FC E:>6D 2D =:<6=J 2D D:I\7:8FC6 62C?6CD E@ D2J E96J 2C6 ?@E 4@?7:56?E :? E96:C C6E:C6>6?E D2G:?8D 2?5 2C6 D42C65 @7 CF??:?8 @FE @7 >@?6J]k^Am

kAmp?5 H:E9 E92E 762C 4@>6D 2? 6G6? >@C6 F?4@>7@CE23=6 7:?5:?8i %96 A6@A=6 H9@ 762C C6E:C6>6?E E96 >@DE 2C6 E96 =62DE =:<6=J E@ =@@< 2E AC@5F4ED E@ DE@A E92E 7C@> 92AA6?:?8]k^Am

k9bm#6E:C6>6?E :D p? x?4@>6 !C@3=6>k^9bm

kAm%96 DFCG6J 7:?5D E92E E96 =@H6C E96 :?4@>6[ E96 9:896C E96 762C] |@C6 E92? @?6 :? 7@FC C6DA@?56?ED 62C?:?8 F?56C Sad[___ D2:5 E96J 92G6 ?@ 4@?7:56?46 :? E96:C C6E:C6>6?E D2G:?8D 2?5 762C CF??:?8 @FE] p>@?8 E9@D6 62C?:?8 D:I\7:8FC6D[ 76H6C E92? @?6 :? E6? D2:5 E96 D2>6 E9:?8]k^Am

kAm%9:D 4@?EC25:4ED E96 DE2?52C5 “4@F?E5@H?” E@ C6E:C6>6?E[ H96C6 286 EJA:42==J 5:4E2E65 E96 2?I:6EJ] xE’D 36:?8 76=E 3J A6@A=6 @7 2== 286D :? =@H6C :?4@>6D]k^Am

k9bm~?=J ` :? d q6=:6G6 E96 c_`W<X H@C<Dk^9bm

kAm%96 c_`W<X >256 H@C<6CD 36=:6G6 E96J H6C6 H@C<:?8 7@C D@>6E9:?8] xE H2D A:E4965 2D 2 C6E:C6>6?E 7F?5 H:E9 >@C6 4@?EC@= E92? 2 A6?D:@?] yFDE a`]bT @7 C6DA@?56?ED D2J E96 A=2? 82G6 A6@A=6 >@C6 4@?EC@=[ H:E9 >@C6 E92? 7@FC :? `_ D2J:?8 :E H@C<D 36EE6C 7@C 9:896C 62C?6CD]k^Am

kAmp>@?8 =@H\:?4@>6 62C?6CD[ bf]fT D2J E96 DJDE6> H@C<D 36EE6C 7@C 9:896C 62C?6CD] %96 2?DH6C C:D6D E@ ccT 2>@?8 E9@D6 H9@ 62C? Sd_[___ E@ Sach[hhh]k^Am

kAm%9:D :D :>A@CE2?E E@ ?@E6 3642FD6 @?=J k2 9C67lQ9EEADi^^HHH]3=D]8@G^?6HD]C6=62D6^2C49:G6D^63Da0_hada_ad]A57Qm23@FE `cT @7 H@C<6CD :? E96 AC:G2E6 D64E@C 925 2446DD E@ A6?D:@? 36?67:EDk^2m 2D @7 |2C49 a_ad] $@[ 7@C >@DE H@C<6CD[ E96 c_`W<X :D E96 @?=J @AE:@? E96 H@C<7@C46 8:G6D E96>[ @?6 H9:49 E96J 36=:6G6 5@6D?’E 72G@C E96>]k^Am

k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^:>286D^DE@C:6D^a_ae^_h^_h^y@9?Ta_$E6G6?D@?Ta_#6:EC6>6?ETa_u62CTa_v2ATa_s!#Ta_b]A?8Q 2=ElQp? :?7@8C2A9:4 C6A@CE:?8 52E2 7:?5:?8D E92E A@:?E E@ A6?D:@?D DE:== >62?:?8 D64FC:EJ 7@C DFCG6J C6DA@?56?ED]Q DEJ=6lQH:5E9i `__TQ ^mk7:842AE:@?m%96 vF2C2?E665 #6E:C6>6?E vFJk^7:842AE:@?mk^7:8FC6m

k9bmk3C ^m}62C=J w2=7 $FAA@CE qC:?8:?8 q24< !6?D:@?Dk^9bm

kAm(96? 2D<65 :7 3C:?8:?8 324< A6?D:@?D H@F=5 96=A DEC6?8E96? C6E:C6>6?E D64FC:EJ[ ?62C=J 92=7 Wce]`TX D2:5 J6D] p?@E96C c_]cT D2:5 J6D[ H:E9 E96 4@?5:E:@? E92E H@C<6CD <66A D@>6 4@?EC@= @G6C E96:C D2G:?8D]k^Am

kAm%9:D DFAA@CE :D?’E 4@>:?8 @?=J 7C@> =@H\:?4@>6 62C?6CD] %96 2?DH6C DE2?5D 24C@DD E96 :?4@>6 3@2C5] p>@?8 9@FD69@=5D 62C?:?8 S`__[___ E@ Sad_[___[ chT D2:5 J6D[ A6?D:@?D H@F=5 DEC6?8E96? C6E:C6>6?E D64FC:EJ[ H9:=6 2?@E96C c`]eT D2:5 J6D H:E9 E96 4@?5:E:@?]k^Am

kAm%96 2?DH6C H:E9 E96 4@?5:E:@? :D E6==:?8] !6@A=6 H2?E E96 D64FC:EJ @7 2 A6?D:@? 2?5 E96 4@?EC@= @7 2 c_`W<X]k^Am

k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^:>286D^DE@C:6D^a_ae^_h^_h^y@9?Ta_$E6G6?D@?Ta_#6:EC6>6?ETa_u62CTa_v2ATa_s!#Ta_c]A?8Q 2=ElQp? :?7@8C2A9:4 C6G62=:?8 52E2 E92E D9@HD 8F2C2?E665 :?4@>6 C6D@?2E6D >@DE]Q DEJ=6lQH:5E9i `__TQ ^mk7:842AE:@?m%96 vF2C2?E665 #6E:C6>6?E vFJk^7:842AE:@?mk^7:8FC6m

k9bmk3C ^m%9@D6 |@DE p7C2:5 pC6 {62DE {:<6=J E@ {@@< 7@C 2 $@=FE:@?k^9bm

kAm%9:D 3C:?8D E96 DFCG6J 7F== 4:C4=6] p E9:C5 @7 C6DA@?56?ED Wbb]gTX D2:5 E96J’5 36 G6CJ =:<6=J E@ 6IA=@C6 2 8F2C2?E665 >@?E9=J :?4@>6 :7 D9@H? E96 6I24E A2C2>6E6CD[ H:E9 2?@E96C cfT D2J:?8 E96J H@F=5 36 D@>6H92E =:<6=J] %C2?DA2C6?4J :D E96 ?2>6 @7 E96 82>6 7@C >@DE A6@A=6]k^Am

kAmqFE ?@E 7@C E96 @?6D H9@ ?665 :E E96 >@DE] p>@?8 E9@D6 2=C625J D2G:?8 7@C C6E:C6>6?E[ 7@FC :? E6? D2:5 E96J’5 6286C=J 6IA=@C6 2 8F2C2?E665 A2J4964<] p>@?8 E9@D6 ?@E D2G:?8[ 2?5 H@CCJ:?8 23@FE C6E:C6>6?E[ =6DD E92? 2 BF2CE6C D2:5 E96 D2>6 E9:?8]k^Am

kAm%96 762C 82A :D C62=[ 3FE :? E9:D 42D6[ 762C 5@6D ?@E 42FD6 7:89E @C 7=:89E] xE 42FD6D A2C2=JD:D[ 2 DE2E6 H96C6 A6@A=6 <?@H E96J ?665 2 D@=FE:@? 3FE 2C6 =6DD H:==:?8 E@ 6IA=@C6 :E]k^Am

k9bm|6E9@5@=@8Jk^9bm

kAm%@ F?56CDE2?5 9@H p>6C:42?D 2AAC@249 C6E:C6>6?E D64FC:EJ 2?5 8F2C2?E665 :?4@>6[ y@9? $E6G6?D@? DFCG6J65 `[___ &]$] 25F=ED 24C@DD E96 4@F?ECJ :? yF=J a_ae E9C@F89 !@==7:D9[ 2? @?=:?6 DFCG6J A=2E7@C>] !2CE:4:A2?ED 2?DH6C65 BF6DE:@?D 23@FE E96:C G:6HD @? EC25:E:@?2= A6?D:@?D 2?5 c_`W<X A=2?D[ E96:C 4@?7:56?46 :? E96:C @H? C6E:C6>6?E D2G:?8D[ E96 EC256@77D E96J H@F=5 2446AE 36EH66? 8F2C2?E665 :?4@>6 2?5 7=6I:3:=:EJ[ 2?5 H92E H@F=5 >2<6 E96> 4@>7@CE23=6 6IA=@C:?8 2 8F2C2?E665 >@?E9=J A2J4964<] #6DA@?D6D H6C6 2?2=JK65 3J 56>@8C2A9:4 8C@FAD[ :?4=F5:?8 286[ 86?56C[ 9@FD69@=5 :?4@>6[ 2?5 65F42E:@? =6G6=[ E@ :56?E:7J EC6?5D 2?5 5:DA2C:E:6D]k^Am

kAmk2 9C67lQ9EEADi^^;@9?DE6G6?D@?]4@>^E96\C6E:C6>6?E\762C\82A\H9@\C62==J\762CD\CF??:?8\@FE\@7\>@?6J^Qmk6>m%9:D DE@CJk^6>mk^2m k6>mH2D AC@5F465 3Jk^6>m k2 9C67lQ9EEADi^^;@9?DE6G6?D@?]4@>^Qmk6>my@9? $E6G6?D@?k^6>mk^2m k6>m2?5 C6G:6H65 2?5 5:DEC:3FE65 3Jk^6>m k2 9C67lQ9EEADi^^9F3D]=2^"_b<=8$#_Q C6=lQ?@7@==@HQmk6>m$E24<6Ck^6>mk^2m]k^Am