Reported 2 days ago
A recent survey indicates that many Americans believe the ideal retirement age should be 58, significantly earlier than the current averages of 64 for men and 62 for women. However, numerous factors suggest this may be unrealistic, including high debt levels among those aged 43 to 57 and increasing healthcare costs. While planning for a comfortable retirement at 58 could be feasible with adequate savings and a clear understanding of personal lifestyle expectations, the reality is that many Americans are not on track to achieve this goal, prompting the need for strategic financial planning.
Source: YAHOO