What do you think of when you think of retirement? Freedom? Enjoyment? Less stress?
You’re not alone. Most workers today associate retirement with those concepts, according to What Is “Retirement”? Three Generations Prepare for Older Age, the latest study from the nonprofit Transamerica Center for Retirement Studies.
But the big question is … Will You Be Ready?
Will You Be Healthy Enough to Retire the Way You Hope To?
Just 16% of Baby Boomers surveyed said their health is “excellent.” But only about half of the workers in the survey said they exercise regularly … or eat healthfully … or get enough sleep.
Here’s the issue, as laid out bluntly by life coach Peter Sage …
If you don’t make time for health, you’ll have to make time for illness.”
How successful at life can you be, when your body refuses to serve you? And it will eventually refuse to serve you if you ignore your health.
Will You Have Enough Money to Do What You Want to Do?
Two out of three workers say their big retirement dream is travel. Half of those surveyed said they’re looking forward to spending time with their family and friends. And nearly half get a smile on their faces when they think of the time they’ll have to pursue their hobbies.
The problem is this: half of those surveyed have less than $50,000 total in all their household retirement accounts.
How far will $50,000 take you? [Read more…] “Retirement Can Be Fantastic … If You’re Prepared”