As more attention has been brought to the tens of millions of Americans with inadequate retirement savings, a common remedy has emerged from advisors, policy experts, and savers themselves: those without enough money can delay retirement in order to make up for savings gaps.
According to this year’s Retirement Confidence Survey issued by the Employee Benefits Research Institute, almost 4 in 10 workers expect to retire at age 70 or beyond.
Another 14 percent of respondents plan to retire between age 66 and 69. Only 23 percent expect to retire at age 65.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
