Financial Services Industry
Industry: Email Alert RSS FeedSocial Security seen essential, study shows.(Short Interests)
Investment News, March, 2006
Byline: Aaron Siegel NEW YORK - Golfing, fishing, gardening and Social Security? It looks like there has been a change of plans. According to Wachovia Corp.'s Retirement Fitness Survey, more than 80% of consumers said that Social Security would be important to their retirement well-being, and 51% said they were changing their retirement preparation strategies.
"There are a significant number [of people] that rely on Social Security that will have to work longer or maintain a different type of [financial] position once they reach a certain age,'' said Robert L. Reid, president of the retirement and investment products group at Charlotte, N.C.-based Wachovia. Some of the changes include increasing their retirement savings in 401(k)...
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