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One-third of retirees unsure of retirement age

A recent survey by the Insured Retirement Institute (IRI) found that more than one-third of pre-retirees do not know the age at which they will retire.

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Mike Vanatta, 61, of Vero Beach, FL, is one of millions of baby boomers with an uncertain future. (Barry Batchelor/PA Wire)

A recent survey by the Insured Retirement Institute (IRI) found that more than one-third of pre-retirees do not know the age at which they will retire.

The study, “Boomer Expectations for Retirement,” also found that three in 10 boomers are concerned about having sufficient assets, while more than half said they will work for income during retirement. However, boomers who own insured retirement products such as annuities have a higher confidence in their overall retirement expectations, with nine out of 10 believing they are doing a good job preparing financially for retirement.

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