Why You May Need To Rethink Your Retirement, Work, And Spending

Most workers approaching their retirement years haven’t saved enough money to retire full time at age 65 and continue their current level of spending. Let that disturbing conclusion sink in for a while.

Unfortunately, many workers haven’t realized this fact and have unrealistic assumptions about when they can retire and their standard of living in retirement. If they were to “do the math,” they’d find that they may need to work longer than they’d hoped, reduce their spending in retirement, or do some combination in order to afford retirement.