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According to a current world wide survey by AXA Equitable, American workers are comfortable, however, not well-informed, about their financial outlook in retirement. As an example, 60 percent of workers think their retirement income will be sufficient, but only 1 in five actually knows what that income will be.

Employees' confidence may come from watching their parents live well in retirement:

an an average of, U.S. retirees obtain $4,243 in net monthly income (including Social Security, individual resources, business pensions and savings, etc. ); nevertheless, the median (middle point) net monthly income is just $463.

a 98 per cent of U.S. retirees are more comfortable with their living standard, declaring they curently have everything they need.

But, with pensions and Social Security falling out of favor (about 9 in 10 believe the Social Security system is in some trouble or disaster), workers are receiving a wake-up call for retirement planning. Actually, an estimated 65 percent of individuals know they will need certainly to depend on their particular savings to obtain them through retirement.

Of all respondents worldwide, Americans will be the least more likely to depend on government-managed retirement savings plans or even to support the government responsible for providing retirement income.

"Not only are Americans by themselves for retirement financing, they're also living longer and knowing that they might need funds to last them for more than 30 years after they retire," explained Ken Gelman, AXA's director of general market trends. "As an effect, they are getting pension savings very seriously by beginning early and consulting reliable economic advisors."

Because of this of sound advice, Americans have the ability to create diversified retirement portfolios.

When asked how pension income will be secured, about two-thirds of respondents-working and retired-cited several types of assets, including 401( k )s, IRAs, investment funds and company pensions.

But, Americans are now being cautious with the funds which should last a lifetime. Investments are favored by seventy-eight percent of workers with a moderate ROI and no financial risk. However, Americans lead the study in financial risk-taking.

The Retirement Scope study was done by AXA, a leader in money management and financial advice. More than 6,900 performing and retired people in 11 countries were interviewed. principles