For most workers, retirement is the ultimate goal. It’s your time to live life as you want, free from a work schedule and career obligations. You can wake up every morning and set your schedule. Or you can simply relax and enjoy your friends and family.
But what if you’re not looking for more free time? You might be anxious to retire from your current position, but you’re not excited about having an empty calendar. You feel like you still have skills and knowledge to offer, so you don’t want to spend your remaining years sitting at home.
Are you one of the 59 percent of Americans concerned about retirement income? It’s an understandable concern, especially if you’ve gotten off to a late start in the planning process. The good news, though, is it’s never too late to start planning and saving for retirement income.
According to a recent survey from Gallup, Americans’ number one financial concern is that they won’t be able to afford retirement. 59 percent of respondents said they were more worried about retirement than any other financial issue, including things like being unable to pay for medical care and being unable to get out of debt.1