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Retirement Date Surprises Boomers

More than eight in 10 (85 per cent) pre-retired Boomers with financial assets of $100,000 or more believe they will have the choice of when to retire. However, only 62 per cent of retired Boomers actually did have the choice, says the third annual ‘RBC Retirement Myths and Realities Poll.’ The poll found that Boomers don't always have much lead time in advance of their retirement date. In fact, one-in-five (20 per cent) knew one month or less before their actual retirement that they were going to retire and 42 per cent had notice of less than six months before they retired.

Courtesy of Benefits and Pensions Monitor website News Alerts


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