We love approaching the end of week with great news… and we know that you do too! With so many things to think about when it comes to retirement – we just had to share a trend that might ease some of your concerns. According to a Retirement Confidence Survey conducted by the Employee Benefit Research Institute (EBRI), 80% of surveyed retirees are confident they have enough money to live comfortably through retirement! That is the strongest data since 2005 (yep, pre-recession!).
Furthermore, the EBRI report found that while 8 in 10 workers anticipated working in retirement, only 28% actually do. While most workers expected to work until 65, median retirement age was 62. More than 4 in 10 employees stopped working earlier than they expected, sometimes because of a health problem but often because of an organizational change at their place of employment. In short, early retirement may happen for reasons beyond your control – and that is not always a bad thing!
While every individual situation and set of circumstances is unique, the trend above seems to indicate that things can and often do turn out better than you expect. The 1,000 workers and 1,000 retirees surveyed would surely agree based on the data above. By no means are we advocating the abandonment of a solid retirement strategy, but we are saying that how, when and what capacity you retire in is a combination of what happens to you, how you react to it and what steps you take to make your later years your best ones yet.
Financial confidence in retirement can have such a large impact on your quality of life, and many people consider their home an integral (but complicated!) part of their retirement portfolio. As a Senior Real Estate Specialist®, I am committed and excited to help those aged 50+ determine what matters most to them & how to get there. If you’d like to explore your real estate options in retirement – please don’t hesitate to reach out!
Resource Used: (AARP) More Retirees Say They Have Money to Live Comfortably
All my best,
Bobbi Decker & Associates fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. For more information, please visit: http://portal.hud.gov/