Putting the Retirement Pieces Together: Strategies of the Affluent 50plus Generation in the United States

Allianz Global Investors International Pension Paper No. 1/2011

14 Pages Posted: 6 Sep 2011

Date Written: March 22, 2011

Abstract

One of the critical challenges facing the 50 generation is deciding how to plan for retirement financing, how to convert assets into income and, generally, how to make sensible financial decisions for the next stage of their lives. Considering how complicated retirement planning and finance can be, it’s no easy task. Coming up with a reasonable plan requires keeping abreast of how income, inflation and interest rates are likely to develop over the course of decades. To facilitate savings and retirement decisions, investors should have a clear picture of the living standards they are striving for.

To unravel the mystery of how people plan and make decisions for retirement financing, and in order to generate new insights, Allianz Global Investors undertook an extensive study in partnership with market researchers TNS. The study is based on a nation-wide survey of 1,506 people in the United Stations over 50 years old and with more than $250,000 in investable assets. The study focuses on their behavior and attitudes toward retirement planning, knowledge, information gathering and decision making.

Keywords: Retirement, Retirement Planning, Asset Management, Long-Term Investment, Savings Behavior

JEL Classification: D03, D14, G11

Suggested Citation

Boersch, Alexander, Putting the Retirement Pieces Together: Strategies of the Affluent 50plus Generation in the United States (March 22, 2011). Allianz Global Investors International Pension Paper No. 1/2011, Available at SSRN: https://ssrn.com/abstract=1922602 or http://dx.doi.org/10.2139/ssrn.1922602

Alexander Boersch (Contact Author)

affiliation not provided to SSRN ( email )

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