PLANADVISER - May/June 2018 - 16

trendspotting
Survey
Links
Optimism
To Health
The connection even
affects how retirees
manage their money
RETIREES' confidence in their ability to
live comfortably in retirement remains
higher
than employees'
confidence,
with 32% of retirees very confident
but just 17% of employees very confident,
according the Employee Benefit
Research Institute (EBRI) 2018 Retirement
Confidence Survey (RCS).
However, retirees are less confident
than last year that they will be able to
handle basic expenses, in particular
medical expenses. More than four in
10 retirees report that their health care
costs are higher than they anticipated,
and one-quarter say long-term care
costs are higher.
The RCS found that being healthy
increases
retirement
confidence:
46% of the confident retirees are in
good health, compared with 14% of
the unconfident. The same is true
for employees: Six in 10 healthy
TALKING POINT
Downside to Longevity?
Sixty-nine percent of high-net-worth
investors in the U.S. worry about how they
will cover health care costs in their later
years, as longevity continues to increase.
Source: UBS Investor Watch: The Century Club
16 | planadviser.com may-june 2018 Art by Zaiwei Zhang
The RCS found that being healthy
increases retirement confidence: 46% of
the confident retirees are in good health,
compared with 14% of the unconfident.
employees are confident, compared
with 28% of those who are not confident.
The survey report says retirees in
fair or poor health are more likely to
have difficulty managing their money,
including maintaining their pre-retirement
lifestyle and managing day-today
finances and health care costs.
Only 39% of retirees and 19% of
employees have tried to calculate how
much money they will need to cover
health care costs. Retirees who made
this calculation are less apt to have
had higher-than-expected medical
expenses and more apt to say costs are
as they anticipated.
Further, the survey found twothirds
of retirees say they consider
converting their assets into income a
relatively easy task. Asked about their
withdrawal strategies from defined
contribution (DC)
vidual
retirement
accounts
plans and indi(IRAs),
many
retirees are not withdrawing
much. Four in 10 draw only the legally
required minimum. -PA

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PLANADVISER - May/June 2018

Table of Contents for the Digital Edition of PLANADVISER - May/June 2018

Key Partnerships
Clean Shares' Popularity
The Retirement Purse
The Power of Hosting Events
A New Best Interest Model
Limited Liability of a Trustee
Rollover Recommendations
PLANADVISER - May/June 2018 - C1
PLANADVISER - May/June 2018 - FC1
PLANADVISER - May/June 2018 - FC2
PLANADVISER - May/June 2018 - C2
PLANADVISER - May/June 2018 - 1
PLANADVISER - May/June 2018 - 2
PLANADVISER - May/June 2018 - 3
PLANADVISER - May/June 2018 - 4
PLANADVISER - May/June 2018 - 5
PLANADVISER - May/June 2018 - 6
PLANADVISER - May/June 2018 - 7
PLANADVISER - May/June 2018 - 8
PLANADVISER - May/June 2018 - 9
PLANADVISER - May/June 2018 - 10
PLANADVISER - May/June 2018 - 11
PLANADVISER - May/June 2018 - 12
PLANADVISER - May/June 2018 - 13
PLANADVISER - May/June 2018 - 14
PLANADVISER - May/June 2018 - 15
PLANADVISER - May/June 2018 - 16
PLANADVISER - May/June 2018 - 17
PLANADVISER - May/June 2018 - 18
PLANADVISER - May/June 2018 - 19
PLANADVISER - May/June 2018 - 20
PLANADVISER - May/June 2018 - 21
PLANADVISER - May/June 2018 - 22
PLANADVISER - May/June 2018 - 23
PLANADVISER - May/June 2018 - 24
PLANADVISER - May/June 2018 - 25
PLANADVISER - May/June 2018 - 26
PLANADVISER - May/June 2018 - 27
PLANADVISER - May/June 2018 - 28
PLANADVISER - May/June 2018 - 29
PLANADVISER - May/June 2018 - 30
PLANADVISER - May/June 2018 - 31
PLANADVISER - May/June 2018 - 32
PLANADVISER - May/June 2018 - 33
PLANADVISER - May/June 2018 - 34
PLANADVISER - May/June 2018 - 35
PLANADVISER - May/June 2018 - Key Partnerships
PLANADVISER - May/June 2018 - 37
PLANADVISER - May/June 2018 - 38
PLANADVISER - May/June 2018 - 39
PLANADVISER - May/June 2018 - 40
PLANADVISER - May/June 2018 - 41
PLANADVISER - May/June 2018 - Clean Shares' Popularity
PLANADVISER - May/June 2018 - 43
PLANADVISER - May/June 2018 - The Retirement Purse
PLANADVISER - May/June 2018 - 45
PLANADVISER - May/June 2018 - 46
PLANADVISER - May/June 2018 - 47
PLANADVISER - May/June 2018 - The Power of Hosting Events
PLANADVISER - May/June 2018 - 49
PLANADVISER - May/June 2018 - A New Best Interest Model
PLANADVISER - May/June 2018 - Limited Liability of a Trustee
PLANADVISER - May/June 2018 - Rollover Recommendations
PLANADVISER - May/June 2018 - C3
PLANADVISER - May/June 2018 - C4
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