Retirement Triggers Study
We asked for input from the first wave of retiring baby boomers to understand how various actions, plans and life events played a role in making the decision to leave their primary profession. After hearing from 1,000 respondents who have been formally retired for five years or less, we learned more about the elements within their careers, families, social circles and bank accounts that led them to have the confidence to retire.
What we found is that, while financial preparation for retirement was a strong focus for these new retirees, emotional preparation is an equally important part of the retirement equation and can have an impact before, during and after one’s retirement date. We also found that most who prepare carefully for retirement feel in control of their decision to leave the workforce, but some still inevitably experience an unexpected event that causes an early or unplanned retirement.
The Retirement Triggers study was created by Ameriprise Financial, Inc. and conducted online by Artemis Strategy Group.
- 1,000 interviews were completed online among U.S. adults between October 20 and November 4, 2014
- All respondents are between ages 60 and 73, have retired within the last five years from their profession or primary job, and have at least $100,000 in investable assets
- The margin of error is +/- 3.1 percent at the 95 percent confidence interval
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Investment advisory products and services are made available through Ameriprise Financial Services, Inc., a registered investment adviser.
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