Is It Possible to Retire by Age 50?
Americans are working longer than ever, with 54% of U.S. adults saying they plan to continue working past age 65, according to a report from the Transamerica Center for Retirement Studies.
Baby boomers, in particular, are most likely to delay retirement, with nearly 70% saying they don't intend to retire by age 65.
However, workers' decision to delay retirement may not necessarily be a choice. The median amount boomers have saved is just $152,000, the report revealed, which will likely only last a few years in retirement. That means many workers may not necessarily want to work longer, but feel they have to because they can't afford to retire.
Source Fool.com
