Clients Make Assumptions About Retirement. They’re Often Wrong
From their expected retirement date to their risk of excess longevity, clients hold a lot of faulty beliefs about life after work.
Quick take
Read original at Yahoo Finance Research from J.P. Morgan Asset Management reveals a significant gap between retirement expectations and reality. While only 28% of workers expect to retire before age 65, 68% of current retirees actually left the workforce before that age. Chief strategist Michael Conrath warns that factors like health issues and job loss often force earlier exits, potentially undermining the financial readiness of savers.
Summarised by netranta from Yahoo Finance. Open the original for the full story.
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