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Worry, but Not Panic

Source: insidehighered. Posted By: brad S...4053 days ago

The economic collapse of the last year has left many academic employees worried about how they will afford retirement. But despite evidence of these fears, as documented in a survey by TIAA-CREF, shifts in retirement strategies have been relatively modest. Majorities of those surveyed -- 1,002 academic employees aged 50-70 -- have not changed how much they save for retirement or their asset allocations.

"There was no panic here," said Paul J. Yakoboski, principal research fellow at the TIAA-CREF....

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