It looks like the retirement dream is being delayed according to More Americans Expecting to Retire in Their 80s and 80 is the New 65 for Many Retirees. People will work less instead of quitting work completely. Even those that work until 80 will need to slow down. Also, people will spend more of their savings and have less to leave their children.
The main issue is insufficient savings to enable a complete retirement at 65. Of course, the great recession, low interest rates and stock market decline isn't helping much either.
For more on New Realities, check back every Sunday for a new segment.
This is not financial or retirement advice. Please consult a professional advisor.
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