TITLE

Oops! Retirement Costs More Than I Thought…

PUB. DATE
July 2007
SOURCE
Journal of Financial Planning;Jul2007, Vol. 20 Issue 7, p10
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article discusses the discrepancy between the amount of money that U.S. retirees expected to spend in retirement, and the amount of money they actually spend once they are retired. Of the retirees surveyed by Fidelity Research Institute, most thought that they would spend the same or less in retirement than they did while working. The fewest amount of people surveyed thought they would spend more money. More people from the former group met their own expectations than from the latter group. Americans only stand to make sixty percent of their income in retirement.
ACCESSION #
25657152

 

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