Income, Not Age, Will Trigger Start of Retirement: Study
Insurers selling retirement products may tailor their presentations based on the results of a new study that states three out of four (73%) of American middle-income baby boomers say that their financial situation, not age, will determine when they will retire. The study was conducted by Bankers Life and Casualty Company’s Center for a Secure Retirement (CSR). Further, the study found females outrank males in their plans to consider their financial situation over age before retiring from the workforce.
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