Health & Fitness
Living Longer, Retiring Later
36%: Workers who expect to retire after age 65
In this new world of investing, where people are living longer and there is increased economic uncertainty, imagining a relaxing retirement can seem difficult. So difficult that 7% of workers don't plan to retire at all, according to the Employee Benefit Research Institute's 2013 Retirement Confidence Survey. And for those that are thinking about retirement, many are putting it off. 36% of workers report that they expect to retire after age 65. Compare this to 1991, when just 11% of workers expected to retire after age 65.
Living longer should be a blessing, but many investors find themselves worrying about outliving their savings. The reality is that longevity can be used to ride out market movements, helping generate income and even build capital throughout all of life's phases. With retirements likely to span 20 years or more, investors should talk to their financial advisors about planning for longer time horizons.
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Source: Employee Benefit Research Institute, 2013 Retirement Confidence Survey
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Prepared by BlackRock
Delivered courtesy Joel W. Grams, CRPC®, CLTC,
Registered Representative, Financial Planner, 212 Capital Group
38 Main Street Suite 360, Westlake Ohio 44145
(440) 835-4501 Ext 17, jgrams@212capitalgroup.com
The foregoing discussion is general in nature and not intended as specific advice. New England Financial nor its representatives are engaged in rendering tax, accounting or legal advice. A qualified professional should be consulted regarding the effect of such considerations on the matters covered in this publication.
For information on New England Financial insurance or other financial products and services, please contact
Joel W. Grams, CRPC®, CLTC, Registered Representative, Financial Planner with /New England Financial 38 Main Street Suite 360, Westlake, OH 44145, at (440) 835-4501 ext. 17, jgrams@212capitalgroup.com
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New England Financial is the registered mark for New England Life Insurance Company (NELICO) Boston, MA 02116. Securities and investment advisory services offered through New England Securities, Corp. (NES)(member FINRA/SIPC) a Registered Investment Advisor. NELICO and NES are MetLife companies. L1213352996[exp1214][OH]