Why some folks may never retire

by Jake Simms

Posted in: In this week's e-newletter, Latest News & Views, Retirement Planning

The market crash of 2008 has made many Baby Boomers drastically re-think their retirement plans.

A new Wells Fargo study shows one-quarter of Americans say they’ll “work until age 80″ so they can live comfortably in retirement.

Three-fourths of the 1,500 workers surveyed say they’ll likely work part-time well into traditional retirement years, and 47% think that part-time work will be the same job or in the same field they’re in now.

Two bits of good news:

53% know they should cut back on spending now for retirement, and
86% think it’s important they own their homes, debt-free, by retirement.

Do you hear similar sentiments from your clients? Let us know about it below.

Tags: great recession, market crash, retirement, retirement planning, wells fargo

See what readers are saying...

Siegel has no Clue: Really Jeremy? 25% undervalued? When have you ever said they were expensive? Maybe you should check with GMO who has ...

David Pickett: QE3 might balance the budget while Congress does the political theater dance, some new sort of a Greek Tragedy!...

ethan: I'm not sure if I'd agree with going another round, but as you stated: "Unemployment is rising. Manufacturing is down. I...

Mark Aras: Let's try to NOT be creative by repeating last year's use of the term "qualitative easing" when everybody already unders...

e j boyson: Why buy Corporates @ 4% when once can buy decent Municipals @ 5%/6%/7%?...

Mark Thompson: In your article, do you mean to use the word quantitative as opposed to qualitative?...