Posts Tagged ‘education’

Education is Key to Proper Retirement

October 7th, 2009
This is not a good source of education

This is not a good source of education

and 75% of all adults retired say they will work as long as they can during, both because they want to and because they need the income.

Populations around the nation now expect to delay retirement due to the financial crisis, doing so 1 to 5 years later than they planned. Education is an important factor here, as 44% of people with a high school education or less say they will not ever be able to retire because of the state of finances.

Of those already retired, more than half of them say they wished they had saved more money before leaving their occupations. Some current retirees solely depend on Social Security for their income, which is most common among those with a high school education or less. Few of those with a college degree rely on Social Security. 40% of people without a college education under thirty years old have not yet set up retirement accounts or have started a strategy for saving money for retirement.

With things being what they are with the economy and financial status, it is a good idea to plan ahead for your future expenses, either by saving up as much as possible, or getting as much education as you can. This will grease the wheels of the retirement process, and will help allow you to spend your retirement as it is meant to be spent.