Debt & Savings
The New Retirement Vision Is Not Really Retiring, Survey Says
Many respondents plan on working past age 70, or never completely stopping to work.
Nearly 40% ofurveyed workers said one of their greatest retirement fears was outliving their savings.
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That old retirement image of Adirondack chairs on a lake is rapidly being replaced by one of swivel chairs facing a desk.
Millions of Americans plan to either extend full-time work, work in retirement or simply never retire, according to a report released Thursday by the retirement studies division of the Transamerica Institute. Some 36% of workers who aren’t self-employed plan to retire at 70 or older and 53% say they plan to work in retirement.