"Fidelity® Couples Study Uncovers Disconnects on Retirement Expectations"
A recent Fidelity survey of U.S. couples having a minimum household income of $75,000 or at least $100,000 in investible assets showed that "43 percent, up from 27 percent in 2013) couldn't correctly identify how much their partner makes—and of that, 10 percent were off by $25,000 or more. Which begs the question: if so many couples can't get this most basic item in their financial lives correct, what other disconnects exist that are unknowingly causing cracks in their financial foundation"
"When asked how much they will need to save to maintain their current lifestyle in retirement, nearly half (48 percent) have "no idea"—and 47 percent are in disagreement about the amount needed. This level of disagreement is highest among those who are closest to retirement—Baby Boomers (born 1946-64)."
"74 percent say they worry about being able to afford unexpected health care costs in retirement, up from 70 percent in 2013. More than half (51 percent) worry about outliving their savings in retirement, a number that is significantly higher than what was reported in 2013."
"Despite these concerns, only 21 percent have developed a retirement plan to ensure they do not outlive their savings"
IMPORTANT NOTE: The Fidelity article
in this link has been substantially re-written from the version which they had posted yesterday.
The quotes above are taken from the earlier version.
Due to editing by Fidelity the two versions which they posted had major conflicting perspectives. This should serve as a cautionary example of the dangers of accepting information from any single source as unimpeachable fact.
