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10 Top Ways Retirees Plan to Spend Their Savings

Money Talks News Logo By Marilyn Lewis of Money Talks News | Slide 1 of 11: Despite the uncertainties of the last year, nearly three-quarters (74%) of a representative sample of American workers and retirees recently told pollsters they’re feeling “confident” they’ll have enough money to last the rest of their lives. Roughly one-third of those optimists (29%) are “very confident,” according to the Employee Benefit Research Institute’s 2021 Retirement Confidence Survey. Pollsters for the nonpartisan think tank interviewed a racially and ethnically diverse sample of 3,017 people age 25 and older. About half were retirees; the rest were workers. The EBRI routinely studies topics related to workers’ retirement, health and benefits. We’ve focused on findings about how retirees (not including workers) are spending or plan to spend their retirement savings, aside from bills and necessities. Here are the retirees’ choices when asked to select three top priorities from a list of options. It’s not the usual blah, blah, blah. Click here to sign up for our free newsletter. Sponsored: Find the right financial adviser Finding a financial adviser you can trust doesn’t have to be hard. A great place to start is with SmartAsset’s free financial adviser matching tool, which connects you with up to three qualified financial advisers in five minutes. Each adviser is vetted by SmartAsset and is legally required to act in your best interests. If you’re ready to be matched with local advisers who will help you reach your financial goals, get started now.

10 Top Ways Retirees Plan to Spend Their Savings

Despite the uncertainties of the last year, nearly three-quarters (74%) of a representative sample of American workers and retirees recently told pollsters they’re feeling “confident” they’ll have enough money to last the rest of their lives.

Roughly one-third of those optimists (29%) are “very confident,” according to the Employee Benefit Research Institute’s 2021 Retirement Confidence Survey.

Pollsters for the nonpartisan think tank interviewed a racially and ethnically diverse sample of 3,017 people age 25 and older. About half were retirees; the rest were workers. The EBRI routinely studies topics related to workers’ retirement, health and benefits.

We’ve focused on findings about how retirees (not including workers) are spending or plan to spend their retirement savings, aside from bills and necessities. Here are the retirees’ choices when asked to select three top priorities from a list of options.

It’s not the usual blah, blah, blah. Click here to sign up for our free newsletter.

Sponsored: Find the right financial adviser

Finding a financial adviser you can trust doesn’t have to be hard. A great place to start is with SmartAsset’s free financial adviser matching tool, which connects you with up to three qualified financial advisers in five minutes. Each adviser is vetted by SmartAsset and is legally required to act in your best interests.

If you’re ready to be matched with local advisers who will help you reach your financial goals, get started now.

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