Tuesday, December 1, 2009

Americans Not Willing to Spend Less in Retirement

Apparently, Americans are becoming more realistic about retirement, with nearly half of those currently eligible for Social Security now planning to work in their so-called retirement years.

Surprisingly, however, 95 percent say they would not be willing to spend less in retirement.

Those are the findings of the fourth Real Life Retirement quarterly pulse survey conducted by Charles Schwab & Co., Inc.

"Americans are willing to save more and work later, in the hope of maintaining their spending and lifestyle in retirement," said Stacy Hammond, director of Real Life Retirement Services, Charles Schwab.

In my opinion this is quite ridiculous since people do need less money in retirement.

This survey showed that nearly half (47 percent) of workers aged 65 and older are prepared to work during retirement.

Reality is such that most people who want to work past the age of 65 will not get the chance due to health problems, not being able to get the job they want, or due to having to take care of a spouse.

Retirement Sayings and Retirement Quotes to Help You Retire Happy

When starting out, don't worry about not having enough money. Limited funds are a blessing, not a curse. Nothing encourages creative thinking in quite the same way.— H. Jackson Brown, Jr.

Formal education will make you a living; self-education will make you a fortune.
— Jim Rohn

I retired early for health reasons — my company was sick of me and I was sick of them.
— Unknown wise person

I’m retired. You on the other hand have to go to work.
— Unknown wise person

The money’s no better in retirement but the hours are!
— Unknown wise person

Check out these retirement resources: