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August 31, 2010 |
Study: Boomer Retirement Plans Hold Steady |
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Baby boomers have remained steadfast in their retirement planning despite the nation’s economic troubles, according to a new survey.
The quarterly “retirement pulse” survey by Charles Schwab found that 54% of baby boomers between the ages of 50 and 60 did not expect to delay their retirement, while 38% expected to retire later than originally planned.
Seventy four percent also said they did not expect they would need any financial support from others after retirement, and 54% expected to retire debt free.
Eighty eight percent said they would likely continue to work even after becoming eligible for full retirement benefits, citing a need for more money (28%) and a desire to remain active (25%).
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Study: Boomer Retirement Plans Hold Steady |
