Early retirement on the rise, regrets follow
TL;DR Summary
A new TIAA Institute survey finds Americans are retiring earlier than planned and regret not saving enough, with about half of retirees saying they retired earlier than they expected and roughly 75% wishing they had saved more. The findings highlight the need for multiple retirement scenarios, stronger use of workplace plans (autoenrollment) and catch-up contributions, and building cash reserves to weather unexpected early retirements or financial shocks.
- Many Americans retire earlier than planned. They have regrets USA Today
- TIAA: All Workers Should Account for Career Interruptions, Moves in Retirement Planning plansponsor
- Millennials Expect Retirement Delays Amid Career Disruptions, per TIAA planadviser
- NEW TIAA INSTITUTE SURVEY FINDS THREE IN FOUR OF TODAY'S RETIREES WISH THEY HAD SAVED EARLIER AND SAVED MORE PR Newswire
- Advisors cut retiree regrets in half, but just one in four Americans use one Wealth Professional
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