Archived Poll October 2015

Retirement Benefit Gap

Have you made plans to close the gap between your retirement income goal and your CalSTRS retirement benefit?

Selection Votes Percentage
Yes. I’m enrolled in CalSTRS Pension2. 6 8%
Yes. I participate in another supplemental savings program. 38 53%
What gap? 28 39%
Total number of votes: 72 100%

It’s never too early to start saving. Financial planners recommend replacing 80-90 percent of your working salary to maintain your current standard of living. Depending on your lifestyle, you need to set a realistic goal that works for you.

On average, the CalSTRS retirement benefit replaces about 50 percent of a your working salary. You’ll need to close the difference between your retirement income goal and your expected CalSTRS retirement benefit with savings and investments. This difference is known as “The Gap.”

Watch a video to learn more about The Gap.

CalSTRS Pension2

Pension2 is a CalSTRS program that allows you to save additional money for retirement, does not charge commission and has lower fees and expenses than other similar plans offer. Find out more at Pension2.com.

You can no longer particpate in this poll, because this poll is closed.
Answer%
Yes. I'm enrolled in CalSTRS Pension2.8.3%
Yes. I participate in another supplemental savings program.52.8%
What gap?38.9%

Commands