Filed Under:Markets, Boomer Market

Consumers are retiring earlier than planned

Consumers have unrealistic expectations about when they will retire and how much money they will need in retirement.
Consumers have unrealistic expectations about when they will retire and how much money they will need in retirement.

Consumers have unrealistic expectations about when they will retire, how much money they will need in retirement and where that income will come from, according to “The Future of Retirement Income,” a survey released today by Genworth.

“Unpredictable retirement dates, compounded by misperceptions about retirement expenses and the uncertain futures of traditional sources of retirement income may leave many retirees at risk for outliving their retirement savings if they don’t prepare properly,” said Eric Taylor, vice president and National Sales Manager for Annuities at Genworth. “The findings underscore the need for flexible financial solutions that provide reliable retirement income, such as fixed annuities.”

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Nichole Morford

Nichole Morford
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