Budgeting, Planning & Forecasting

Budgeting, Planning & Forecasting

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January 26, 2012

Ameriprise Financial Publishes 'The New Retirement Mindscape 2011 City Pulse Index'



Ameriprise Financial has published a survey named, “The New Retirement Mindscape 2011 City Pulse (News - Alert) Index” stating that men and women are preparing for retirement in very different ways.

Compared to 46 percent of women who say they've set aside money in their own investments (such as stocks and IRA's), more than half of men (54 percent) report having done the same. Men are also more likely than women to report that they've determined the amount of income they'll need in retirement (31 percent vs. 20 percent). Expressing confidence in their overall financial futures (22 percent vs. 16 percent), this additional financial preparation may be one reason men are significantly more likely than women to say they feel on track for retirement (41 percent vs. 34 percent), the company stated in a press release.

“Financial preparation can help instill confidence in reaching your retirement goals -- and rightfully so -- but thinking about how you'd like to spend your time and where you're going to live can have a dramatic impact on your overall readiness," said Suzanna de Baca, vice president of wealth strategies at Ameriprise Financial. "The activities you plan to pursue during retirement will likely have associated expenses. Failing to consider these can have significant consequences.”

Stating that proximity to family is a very important factor in determining where they will retire (40 percent vs. 27 percent), women are significantly more likely than men to say they plan to spend more time with family during retirement (41 percent vs. 34 percent). Women are more likely to report that family and health take a prominent role in their planning. Also, it more likely for a woman to place importance on nearness to friends and family (21 percent vs. 13 percent), the report stated.

Recently, SmarTrend identified an Uptrend for Ameriprise Financial on October 12th, 2011 at $42.73. In approximately three months, Ameriprise Financial has returned 21.80 percent as of today's recent price of $52.04. In the past 52 weeks, shares of Ameriprise Financial have traded between a low of $36.00 and a high of $65.12 and are now at $52.04, which is 45 percent above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.5 percent while the 50-day MA has advanced 1.2 percent.

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Raju Shanbhag is a contributing editor for TMCnet. To read more of Raju’s articles, please visit his columnist page.

Edited by Rich Steeves
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