(AP Photo/Ricardo Arduengo)

According to an HSBC report, “The Future of Retirement: Healthy New Beginnings,” not only would 72 percent of pre-retirees aged 45 and older retire within the next five years if they could, but 25 percent of them say it’s because work has a negative impact on their mental and/or physical health. 37 percent of them say they can’t retire when they want to, with 77 percent chalking that up to a lack of retirement savings.

But that’s not all. Seventy-six percent of pre-retirees say that poor health will make saving for retirement tougher, which is probably not too surprising, considering that 67 percent of preretirees can’t predict how much they might be likely to spend on health care during retirement. 61 percent said a partner falling ill would make saving for retirement more difficult.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2022 ALM Global, LLC. All Rights Reserved.