2014 - Employee Benefits Day Poll - X

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1. What are you most looking forward to in your first year or two of retirement?

Your sweatpants

No alarm clock

Traveling

Saying goodbye to shoveling snow and hello to sunscreen

Time with grandbabies

Finally tackling those larger projects

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2. If you were to pursue a second career in retirement, what would it be?

Starter at a golf course—free golf!

Best-selling novelist—unleash the murder mystery you’ve been writing in your head for years.

Work for your favorite charity—even if it’s simply stuffing envelopes, it will be rewarding.

Dog walker—exercise and make all kinds of four-legged best friends.

Retail—people watching and a paycheck.

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3. At what age do you anticipate retiring?

As soon as possible—age 52 or earlier.

Hoping to work as long as possible—I enjoy my work—70 or later

Possibly working forever—I don’t think I’ll have enough saved to retire—70 or later

Not sure

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4. When setting aside money for retirement, what option best reflects what you’re saving for?

No specific goal, just a safe and secure future overall.

Saving to maintain your current lifestyle—just because you’re retiring doesn’t mean you’re slowing down.

Saving to cover health expenses—you never know what the future might hold.

Saving to be a world traveler—Europe here you come!

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5. Which most personifies you in retirement?

Cat lady

Taking advantage of every senior discount known to man

Will only travel by golf cart

My home is everywhere and on wheels

Cocktails on the veranda daily at 3:15 sharp

Beach babe

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6. Which of the following income sources will you be tapping in retirement? (select all)

A monthly payment from a traditional pension plan provided through your work

Money from a retirement account plan that was provided through work (a 401(k) plan or 403(b) plan in the U.S., or a group RRSP or registered DC plan in Canada)

An individual retirement account (IRA) (traditional or Roth) in the U.S

A registered retirement savings plan (RRSP) account, tax-free savings account, or pooled registered pension plan (PRPP) in Canada

Your own savings that you’ve squirreled away

Not sure

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7. When picturing your retirement, what is your number one priority?

Spending time with your family and friends

Maintaining your health—hello gym membership and long walks with the dog

Developing a hobby—you’ll finally have the time to devote to your neglected garden

Having a part-time job—keeping an income rolling in while keeping you busy

Continuing your education—hola amigo! You always wanted to be bilingual

Traveling—have passport…will travel

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8. When thinking about your retirement, what is your greatest concern?

Not having enough money to live comfortably

Being in ill health and/or having high medical bills

Outliving your assets—your family tree is full of people living 100+ years

Outliving your friends and family

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9. There are many ways you can start to save or increase the amount you save. You’re likely already doing one or more of these. Which one NEW THING would you be able to do within the next three months?

Track your expenses by jotting down what you’re spending and where

Create a budget and stick to it

Cut back on at least one unnecessary expense – goodbye cable!

Start saving in a work-related retirement plan

Open a new savings or retirement account and have money automatically transferred there from your paycheck—you can’t miss what you don’t have!

Increase the amount you’re saving in a retirement account you already have because small changes add up

Seek financial advice from a pro to get a better grasp on your saving strategy

Use a retirement calculator to get an estimate of the income you’ll need in retirement

Attend a class/seminar/workshop

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10. Complete the poll on April 2 and provide your name and email address below to enter to win. On April 3, 20 random winners will be chosen to receive a Benefits Day Piggy bank. Winners will be notified via email.

Name

Email address