Tuesday, June 23, 2015

Retirement reality bites for boomers …

According to a study by Bankers Life, 72% of retired boomers are not currently working for pay. Of those, 48% would like to, but can’t because of health reasons (35%), because they can’t find a job (8%), or because of the health of a loved one (5%).

69% of retired boomers had to retire earlier than they wanted/expected.

70% retired early for reasons not in their control: 39% because of personal health, 19% got laid off, and 6% can no longer do the job. 

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