Featured Topics
Retirement Industry
Magazine Archive
Education/Advice
Where Do you Go for Financial Advice?
According to the 2012 Retirement & Politics Survey from Allianz Life Insurance Company of North America, 67% of all Transition Boomers listed health care expenses as their top concern, with Republicans at 64%, Democrats at 69% and Independents at 66%. Social Security ranked second at 53% for all Transition Boomers, followed by tax payment changes (31%), rising national debt (26%), unemployment (19%) and education (4%). When it comes to overall retirement savings philosophy, 59% of Republican Transition Boomers identified themselves as being conservative or moderately conservative compared with 36% of Democrats. However, Democrat Transition Boomers were more likely to be balanced in their retirement savings approach, with 29% identifying themselves as balanced versus 18% for Republican Transition Boomers. Regarding the effect the election will have on their approach to retirement savings, 29% of Republican Transition Boomers are likely to become more aggressive if Mitt Romney wins while 30% of Democrats will become more conservative. If President Barack Obama is re-elected, 81% of Democrat Transition Boomers anticipate no changes to their retirement approach, while 42% of Republicans said they will become more conservative.
According to the 2012 Retirement & Politics Survey from Allianz Life Insurance Company of North America, 67% of all Transition Boomers listed health care expenses as their top concern, with Republicans at 64%, Democrats at 69% and Independents at 66%. Social Security ranked second at 53% for all Transition Boomers, followed by tax payment changes (31%), rising national debt (26%), unemployment (19%) and education (4%).
When it comes to overall retirement savings philosophy, 59% of Republican Transition Boomers identified themselves as being conservative or moderately conservative compared with 36% of Democrats. However, Democrat Transition Boomers were more likely to be balanced in their retirement savings approach, with 29% identifying themselves as balanced versus 18% for Republican Transition Boomers.