Working Longer Is the Key to a More Comfortable Retirement
CNBC.com’s article “Your retirement may not be as rocky as you think, survey finds,” explores a new survey with data supporting the idea that working Americans are pessimistic when it comes to their retirement savings, but report to be comfortable once they are in retirement. There are several reasons why this may occur and savings and lifestyle certainly play a part. But the real key to success is working a few more years. Postponing retirement for 5 years means 5 more years of savings and avoiding 5 years of only spending. This can boost the longevity of your retirement funds by 9 to 11 years for most people.
Comments are closed.