Why Bother Planning for Retirement?…

July 2007
Journal of Financial Planning;Jul2007, Vol. 20 Issue 7, p11
Academic Journal
The article focuses on a survey by Northern Trust in Chicago, Illnois concerning millionaires and retirement. It states that 48% of people with at least one million dollars in investable assets claimed to be retired, but that 29% had reentered the workforce in some capacity. It comments that a number of retired millionaires include young wealthy men became bored with being retired instead of working. It mentions that 17% of millionaires over 70 years of age are still working, and that half of them are working because of worries that health care costs will wreck their retirement savings.


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