From EBRI's CEO: What's on Retirees' Minds

Retirees feel more comfortable spending from steady sources of income rather than tapping their nest egg.

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We talked with Lori Lucas, president and CEO of the Employee Benefit Research Institute, about her group’s study, Retirees in Profile: Evaluating Five Distinct Lifestyles in Retirement.

Did your research turn up any surprises? We were pleasantly surprised by how many people were comfortable in retirement, including those who said they were just getting by and wished they had saved more. Also, most retirees are wary of spending down their nest egg, but not just because they’re afraid of running out of money. They’re more concerned about running short in case of an unexpected expense.

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Janet Bodnar
Contributor

Janet Bodnar is editor-at-large of Kiplinger's Personal Finance, a position she assumed after retiring as editor of the magazine after eight years at the helm. She is a nationally recognized expert on the subjects of women and money, children's and family finances, and financial literacy. She is the author of two books, Money Smart Women and Raising Money Smart Kids. As editor-at-large, she writes two popular columns for Kiplinger, "Money Smart Women" and "Living in Retirement." Bodnar is a graduate of St. Bonaventure University and is a member of its Board of Trustees. She received her master's degree from Columbia University, where she was also a Knight-Bagehot Fellow in Business and Economics Journalism.