Browse the news below to learn about important developments shaping retirement.
Retirement saving on the rise, but health problems threaten plans
The Boston Herald, March 12th, 2006
American workers
shouldn’t count on making up for inadequate savings by planning to work
into their retirement years, since such plans are often doomed by
unexpected health problems, Fidelity Investments said Monday in
releasing findings of a retirement planning survey.
The
study found the typical American working household is slightly better
prepared financially for retirement than it was a year ago.
It
also revealed 63 percent of today’s workers plan to work in retirement
on at least a part-time basis to supplement their income.
However,
nearly one-fourth of current retirees questioned in the survey reported
they were left without expected income when they had to leave their
jobs early because of unexpected health problems.
”When planning for
retirement, it’s more than about just money, it’s also about health,”
said Guy Patton, executive director of the Fidelity Research Institute,
which Boston-based Fidelity created last year to study personal savings
issues. ”One can certainly significantly impact the other.”
For
the first time in its three-year history, Fidelity’s annual retirement
study questioned retirees, rather than just current workers.
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