NAPA Net - Polling Places 011919

Is Debt Driving More Savings Concerns?

The prevalence of conversations about debt that advisors may be having with younger investors, and the implications those conversations could have for the retirement industry.

1.Are you finding that college debt is a growing part of your conversation with participants?

Yes, but only a bit.

Yes, it's quite a bit more prevalent than it used to be.

No - about the same as it has always been.

Any comments?

2.Are you finding that college debt is a growing part of your conversation with plan sponsors?

Yes, but only a bit.

Yes, it's quite a bit more prevalent than it used to be.

No - about the same as it has always been.

Any comments?

3.Are you finding that college debt is an actual impediment to retirement savings for the participants with which you work, or is it just a topic of conversation?

Yes.

No.

For some, not most.

It's an issue, but not really anything new/different.

For some, not all.

It's part of every single discussion...

Any comments?

4.In helping deal with issues/concerns about college debt and savings generally, or saving for retirement specifically, what do you say/advise?

5.Do/did you have college debt?

No.

Yes.

Yes, but nothing like there seems to be today.

Any comments?

6.If you had/have college debt, did it affect your retirement savings?

Yes.

No.

Yes, but not much.

Any comments?

7.Other comments about debt, college debt, debt and the impact on retirement savings, concerns about the impact of debt on retirement savings, whether it's actually impacting saving for retirement, or just a rationale for not saving for retirement, or life in general?

8.What is your role working with retirement plans?

Advisor

Provider

TPA

Plan sponsor

Recordkeeper

Other (please specify)

9.What size plans do you PRIMARILY work with?

Under $10 million in assets

$10-$20 million

$20-$50 million

$50-100 million

$100 million - $250 million

$250 million - $500 million

Above $500 million

Other (please specify)

10.Suggestions for future survey questions?

11.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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