Retirement is not really something I think about too much. At this point in my life, I’m more focused on finding a job I can retire from.
When I envisioned my retirement, I pictured myself lounging on the beach, with drink in hand, discussing tee times and the best seafood restaurants (I used to live in a vacation resort in FL and that’s typical retiree behavior). Now, I’m scared that I’ll go straight from my 9-5 to a wheelchair in the nursing home.
According to an article in the Wall Street Journal, many of us will not be able to retire until our 80s. So, when we finally do happen to get jobs we will have to wait a lot longer to retire than previous generations.
The Employee Benefit Research Institute released a survey showing that now only 23% of workers are planning to retire before age 65 as opposed to the 50% that planned to retire before that age in 1991. The biggest reason for this change was cited as the “poor economy.”
Which future do you want?