ICMA-RC/Story: "Phoenix Wealth Survey Finds High Net Worth Have Great Expectations, But Lack Solid Plans for Building a Comfortable Retirement; Affordable health care in retirement is new worry for affluent Americans
Business Wire - Wednesday, July 19, 2006
HARTFORD, Conn., Jul 19, 2006 (BUSINESS WIRE) -- America's millionaires are a study in contradictions, possessing lofty financial dreams but often lacking the requisite plans to reach these goals, according to the seventh annual Phoenix Wealth Survey conducted by The Phoenix Companies, Inc. (NYSE:PNX).
They also have a new worry about their retirement. For the first time in the survey's history, high-net-worth individuals rank the risk of unforeseen health care costs wiping out their accumulated assets as their top financial concern, overtaking the worry of being able to live comfortably on their available assets."