HR Answers: Write a retirement strategy

Encourage employees to be proactive about retirement savings.

Do you have retirement savings strategy? Do your employees?

The 17th Annual Transamerica Retirement Survey of Workers lists a broad range of factors to include in a written retirement savings strategy. A basic strategy includes plotting out retirement income needs, projected costs and expenses and risk factors.

However, only 16 percent of the nearly 4,200 U.S. workers surveyed said they had a written retirement strategy. Forty-seven percent said they had an unwritten strategy.

Of those who said they had a written or unwritten strategy, here are the percentages that included the following key factors:

  • Social Security and Medicare benefits (55 percent);
  • ongoing living expenses (52 percent);
  • savings and income needs (52 percent);


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