68% of Baby Boomers Are Taking This Huge Retirement Risk
Preparing for retirement can be daunting, particularly if you're nearing retirement age and your savings are falling short. You'll likely need several hundred thousand dollars (if not more than $1 million) to enjoy retirement comfortably, and that's a challenging goal to achieve.
As a result, many older workers are choosing to put off retirement to give themselves more time to save. In fact, a whopping 68% of baby boomers say they plan to continue working past age 65 or never retire at all, according to a recent report from the Transamerica Center for Retirement Studies.
In theory, working longer sounds like a wise idea. However, in some cases, this decision could potentially put your retirement in jeopardy.
Source Fool.com
