What's Your Measure of Retirement Income Adequacy?

A recent report by the Congressional Budget Office outlines a variety of the current methods used for measuring the adequacy of retirement income. 

The CBO report notes that the adequacy of retirement income generally has been defined in two main ways: whether it satisfies basic needs and whether it allows retirees to maintain their pre-retirement standard of living, explaining that economists and financial advisers generally use the second definition.

This week, we'd like to know which one(s) you use - and why.

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* 1. Generally speaking, in working with participants, which measure(s) of retirement income adequacy do you use as a target (check all that apply)?

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* 2. Generally speaking, in working with participants, which measure(s) of retirement income adequacy do you PRIMARILY use as a target?

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* 3. If you use a percentage of pre-retirement income, which one?

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* 4. If you use a multiple of income, which one do you generally use?

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* 5. If you use a retirement income projection/calculator, which one(s)?

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* 6. Any other comments about retirement income adequacy projections, retirement income adequacy measures, retirement income adequacy preparations, or life in general?

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* 7. What is your role working with retirement plans?

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* 8. What size plans do you PRIMARILY work with?

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* 9. Suggestions for future survey questions?

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* 10. All responses are anonymous and confidential, of course - but if you'd like me to know who you are, or allow for a response, you can leave your email below...

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