How to Tell If You're Ready to Retire
In 1980, 30% of all private-sector workers had a "defined benefit" retirement plan (a traditional pension) as their primary retirement plan, according to the Employee Benefit Research Institute. If you're thinking the current percentage is a bit lower than that, you're right. The Bureau of Labor Statistics reports that as of March 2017, while 48% of private establishments offered retirement plans to workers, only 8% offered defined benefit plans.
In the old days, many workers could rely on their employers to provide them with sufficient retirement income. Today workers bear much more responsibility for their own retirements, and a key thing many need to be able to discern is how to tell when they're ready to retire.
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Source: Fool.com
