TIAA-CREF Institute Survey Shows Priorities

Retirement priorities was the subject of a recent survey by the TIAA-CREF Institute. For the survey, more than 1,000 people employed in higher education participated.

Here are some of the resulting stats from the TIAA-CREF Institute survey:

• 60% have gone out to look for objective retirement planning advice in the last two years.

• 87% are interested strategical advice for how to live on retirement income.

• 86% are interested in the subject of healthcare in retirement.

• 89% seek financial advice regarding how they should invest their savings.

Dan Keady of TIAA-CREF talked about some more interesting numbers.

Said Keady: “Objective, non-commissioned advice can help those saving for retirement assess their asset allocation and retirement income strategies. While only 41 percent of near-retirees in the survey changed their asset allocation in the last year, the overwhelming majority of these (83 percent) decreased their equity exposure.”

TIAA-CREF is a national organization that provides financial services to people in a number of fields including academic, medical and research. As of the end of June, TIAA-CREF had nearly $375 billion under management in combined assets.

TIAA-CREF Building (Image: Flickr)