Ep 103: Eye-Opening Results of the 2023 Retirement Confidence Survey

The Retirement Show: Your Life, Your Money with Scott Sierens

In today's episode, we are going to look at the results of the 2023 Retirement Confidence Survey. Join us as Scott unpacks these surprising statistics, shares his takeaways, and reveals the insights they provide when it comes to retirement planning. Whether you are nearing retirement or have already retired, this episode is packed with valuable information.

Here's what we’ll discuss in this episode:

• Survey one’s results, which compares expected retirement expenses to the actual expense realities. (4:53)
• Scott’s takeaway from the first survey's results. (8:05)
• The next survey that compares income source expectations to income source realities. (10:58)
• Knowing how much you can take out of your retirement savings is important. (17:47)
• Surveys show that most people favor income stability over maintaining wealth. (21:23)
• One of the key ingredients that helps increase confidence in retirement. (27:53)

Retirement Confidence Survey Links:

Survey Website: https://www.ebri.org/retirement/retirement-confidence-survey

Survey: https://www.ebri.org/retirement/retirement-confidence-survey

Retirement Confidence Sheet: https://www.ebri.org/docs/default-source/rcs/2023-rcs/rcs_23-fs-1_confid.pdf?sfvrsn=738d392f_4

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