Here’s When Many Americans ‘Really’ Plan to Retire
August 23, 2024 by John Manganaro
Nearly half of consumers (47%) polled by Equitable believe it is unrealistic for them to retire before or at the traditional retirement age of 65.
Instead, the survey results show they expect to retire nearly a decade later, at an average age of 74. This is despite only 18% of workers saying that they want to continue working beyond 65.
Click HERE to read the full story via Think Advisor
Wink’s Moore on the Market: “Nearly half of consumers (47%) polled by Equitable believe it is unrealistic for them to retire before or at the traditional retirement age of 65.
Instead, the survey results show they expect to retire nearly a decade later, at an average age of 74. This is despite only 18% of workers saying that they want to continue working beyond 65.
The top three obstacles cited to retiring “on time” were increasing living expenses (68%), fear of not having enough money saved (66%) and a lack of guaranteed income for retirement (39%).”
Once upon a time, people used annuities to guarantee an income in retirement…
My thanks to Nick Lane for the illuminating research. -sjm
