According to the National Retirement Risk Index, only 48% of
households will be ready to retire by age 65. However, 85% can be ready by 70.
Key findings are:
- Working longer is the key to financial security, but it does not mean working forever.
- Half of today’s households are ready to retire at age 65, but more than 85 percent would be prepared by age 70.
- Thus, five years of additional work would solve the problem for the bulk of the population.
The NRRI is an ongoing research project at the Center for Retirement Research at Boston College. Read the
details: http://crr.bc.edu/wp-content/uploads/2012/06/IB_12-12-508.pdf
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