May 2005
Journal of Financial Planning;May2006, Vol. 18 Issue 5, p22
Academic Journal
The article presents statistics concerning financial planning. The average age that men retired at between 1999 and 2004 was 61.6. 57% of current workers plan to retire after the age of 62. The National Council on Aging reports 72% of retirees say the major reason they retired is because they qualified for Social Security benefits. A New York Stock Exchange seat sold for one million dollars in 2006, a nine-year low. Investors won nearly $200 million in arbitration against brokerage firms in 2004.


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