4/21/2015 – Retirement Planning Should Consider the Unexpected (PlanAdviser)

Sixteen percent of workers in the 2015 Retirement Confidence Survey (RCS) from the Employee Benefit Research Institute (EBRI) say the age at which they expect to retire has changed in the past year, and of those, the large majority (81%) report their expected retirement age has increased.

Just 9% of workers say they plan to retire before age 60, compared with 36% of retirees who report they retired that early. Sixteen percent of workers plan to retire between the ages of 60 and 64, although 29% of retirees retired in that age range. More than one-quarter (26%) of workers plan to wait (compared with 6% of retirees who actually waited) at least until age 70 to retire, and 10% of workers indicate they will never retire.

Read the full article at PlanAdviser.