My recent column on the big shift in how people think about their later years sparked a spirited debate. Ifrom the Federal Reserve Bank of New York showing that most Americans don’t expect to work beyond their early 60s. The number of workers who plan to work full time beyond age 62 dropped to 46%, down from 55% four years ago. Only 31% of workers expect to work beyond 67, down from 36% in 2020.
The average age of a retirement account millionaire at Fildeity is 59. The majority of these savers, however, were consistent power savers. I retired at 53 in 2021, I convinced my husband to retire a year later at 60. No regrets whatsoever. We don't feel deprived at all. It really doesn't take much in retirement. Life and health are much more important.While working, time seemed to move slowly as I waited for the first company holiday of the year which was not until May.
For many workers who rely entirely on an individual or employer-provided retirement plan, it's often difficult to save. Study after study shows millions of Americans are undersaved for retirement and fear outliving their money. Kerry Hannon is a Senior Columnist at Yahoo Finance. She is a career and retirement strategist, and the author of 14 books, including "Click here for the latest personal finance news to help you with investing, paying off debt, buying a home, retirement, and more
The US gave up sending Ukraine Excalibur guided artillery shells costing $100,000 because they rarely hit their target, report says
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Source: YahooFinanceCA - 🏆 47. / 63 Read more »