Tapping into retirement plans not widespread, survey finds

From Ifawebnews.com

Just one-in-10 Americans have dipped into their retirement savings from long-term investments, according to new research.

Ninety percent of Americans have not had to withdraw any of their retirement savings from long-term investment products like IRAs, 401(k)s and annuities, according to the Unretirement Index from Sun Life Financial.

Survey participants did not speak favorably of government benefit programs. Confidence that Social Security and Medicare will remain solvent continued falling, especially among workers in their 30s and 40s. Fully 70% of workers age 30-39 and 66% of those in their 40s said they do not believe Social Security will be available when they reach the age of 67.