All of us will, at some point in our lives, stop working, and when that happens, either we will be prepared, or we will be faced with serious difficulty.
Compared to Boomers who are moving into retirement now, the first wave of Millennials who will be retiring in 2050 could be facing a much bleaker future
Most Boomers are unprepared for retirement, even as they approach it or enter it. Amazingly, barely 1 in 10 has enough saved up.
There's a sea change happening in how the American population is retiring. It’s shifted from most retiring in their sixties to a trend of working as long as possible.
76 million Baby Boomers are just around the corner from retirement and despite statistic, the not-so-awful news is that even for late starters there is still time to get retirement savings back on track.
The average retirement age in America is 63, and retirement lasts about 18 years. That means that you’ll need enough money to last you until you are 81 years old.
The harsh fact is that even if you don’t want to stop working, you may have to as you age. There are a few things that must be done to provide your future self with a secure financial retirement.
81 percent of retirees described their retirement as either as good or better than their preretirement years. As far back as 1992, only 65 percent of retirees in the U.S. felt that way.
Working part-time after retirement age can provide extra income and give you a sense of purpose and independence. It makes sense to keep working if you don’t have a large nest egg squirreled away
Americans who fall into Generation X are worried about retiring. They feel they’d find it harder than other generations to retire comfortably or even be able to retire at all.
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