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Tip: Nearly 70% of workers expect to work for pay in retirement, but only 26% of retirees actually have done so. Source: 2018 Retirement Confidence Survey, EBRI
Retirement can have many meanings. For some, it will be a time to travel and spend time with family members. For others, it will be a time to start a new business or begin a charitable endeavor. Regardless of what approach you intend to take, here are nine things about retirement that might surprise you.
These stats and trends point to one conclusion: The 65-and-older age group is expected to become larger and have more influence in the future. Have you made arrangements for health care? Are you comfortable with your investment decisions? If you are unsure about your decisions, maybe it’s time to develop a solid strategy for the future.
26% of workers now intend to keep working until age 70 and beyond. And 10% don’t intend to retire at all.
Chart Source: Employee Benefit Research Institute, 2016.
1,4. Social Security Administration, 20172. The Motley Fool, July 29, 20173. U.S. Census Bureau, 20175. Employee Benefit Research Institute, 2018 Retirement Confidence Survey6. Centers for Disease Control and Prevention, 2017 7. Employee Benefit Research Institute, 2018 Retirement Confidence Survey; Social Security Administration, 20188. USA Today, March 22, 2017; U.S. Census Bureau, May 20179. Bureau of Labor Statistics, June 27, 2017
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