In this video Steve Siegel, a Senior Practice Research Actuary at the Society of Actuaries Research Institute, discusses a study focusing on the retirement planning of 35 to 45 year olds. The study explores how income, family dynamics, and other factors influence retirement decisions. Despite the importance of retirement, many participants hadn’t deeply considered it, and obstacles such as financial stress and uncertainty hindered their saving efforts. The report offers recommendations for future research and tools to help individuals better envision their retirement lifestyles.
Contributors: Steve Siegel, ASA, MAAA; Rose Northon; Jon Forster ASA, MAAA