Two in three workers in a recent survey said they were at least somewhat confident they would have enough money to retire comfortably, but only about one in five said they were very confident they would be able to do so.
Where does this leave the majority of people approaching retirement? Some will continue to work, according to WalletHub. The personal-finance website noted that workers this year planned to retire at 65, on average, citing Gallup polling, up from 60 in 1995.
Another option is for retirees to move to a less expensive location without sacrificing the lifestyle to which they have become accustomed.
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Michael S. Fischer
Michael S. Fischer is a longtime contributing writer for ThinkAdvisor. He previously reported on trade and intellectual property topics for the Economist Intelligence Unit and covered the hedge fund industry for MARHedge and Reuters News Service.
