Thursday, June 18, 2009

Retirement at the Tipping Point

The link above is to a May 2009 published study titled "Retirement at the Tipping Point" and co-authored by Ken Dychtwald PhD, CEO and founder of Age Wage, a firm founded to study aging and its implications. Interesting in the responses from the 2,082 people surveyed was (1) those not yet retired now plan to postpone their retirement an additional 4.2 years, (2) an estimate of 7 years will be required to return their investment portfolios to previous peak levels, and (3) the most important advice to next generation is to "live within your means". It is notable that only 18% had actively planned for and were confident about their financial future.