Baby Boomers No Clear Retirement
Published / Last Updated on 24/09/2008
Baby Boomers No Clear Retirement
According to research by Aegon, 42 per cent of people aged 50 to 65 say they have no clear idea of what income they will have in retirement. A third say that they are relying on their pension alone, with no other savings or investments. The survey also revealed that 61 per cent expect to carry on working in some capacity after they reach retirement age or pursue further education or charity work.
Over one in 10 say love of the job makes them want to stay in the workforce and 14 per cent say they are too young to retire. Twelve per cent would like to try out a completely different career in their retirement.
We all need to take advice and plan early to avoid a disappointing retirement.
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