Southern New Jersey Overlook

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One In Five Adults Not Planning For Retirement

According to a Wall Street Journal Online / Harris Interactive Personal Finance Poll, 90% of U.S. adults plan on retiring, but 22% of those adults have not started making any retirement plans. If you look at single households, then the number of adults who have not made plans jumps to 41%.  The mean age for beginning retirement planning is 33.3 years old.

The study looked at retirement planning by U.S. adults within age brackets, income level, marital status and educational level.

According to Harris Interactive, "These results are consistent with other research we have done on consumer retirement planning. People simply are not taking retirement planning as seriously as they should and quite a significant proportion still think that Social Security will be there as an income source when they retire. This is why getting advice from a financial professional is so important yet so few are tapping into that resource." 

This also points out the need, as part of retirement planning, to make use of real estate professionals who have experience and training in dealing with retirement issues.

 
 
 
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