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Money Talks News: 8 Surprising Truths About Retirement

3. Eighty is the new retirement age?

Apparently 80 is the new 65 for many middle-class Americans when it comes to retirement. One-third of survey respondents plan to delay retirement till age 80 or older, according to a Wells Fargo study of 1,000 adults with income less than $100,000. That’s up from 25 percent who planned to retire at age 80 during last year’s survey.

Another study by My New Financial Advisor, a service that connects clients with advisers, suggests the average baby boomer will retire at age 75. Some of the top issues preventing an earlier retirement: loss of income, insufficient savings, low returns, high taxes, past-due taxes, and low wage growth.

(iStock)

More from Money Talks News:
8 Social Security Myths Exposed
10 Reasons Your College Major Matters
How to Find an Awful Financial Adviser



The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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