Contact Us

Will You Be Able to Retire? [AUDIO]

The expectation of retirement is part of the American dream. But the age at which we actually reach that expectation has been creeping up lately.

Retirement
Flickr User 401k

A new Gallup poll finds the average expected retirement age is now up to 67, up a lot from 1996, when people expected to retire at age 60. Rider University finance expert Maury Randall says to make the perception a reality these days, they will need a larger amount of funding than people years ago, who did not expect to live so long. The same poll found that more than half of the people who aren’t yet retired don’t think they’ll have enough money to live comfortably in retirement.

But with advances in the health sciences, life expectancy is now at 78. That door swings both ways. We can retire later in life, but a longer life expectancy means the so-called, “golden years” may be extended.

Still, younger workers are more optimistic than their older peers.

Gallup’s annual Economy and Personal Finance survey, which was conducted in mid-April, found that people who are currently under age 40 expect to retire at age 65. Those who are 40 and over, and not yet retired, expect to retire at 68.

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

More from WOBM AM

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://wobmam.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on WOBM-AM 1160 & 1310 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here.

Sign up for an account to comment, share your thoughts, and earn points to get great prizes.

Register on WOBM-AM 1160 & 1310 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!