There are some questions that financial consults hear from almost all of their clients. One of the questions often asked of Matt Dixon, a top Registered Financial Consultant in Greenville, SC, is about the right age to retire.
The most basic answer that Matt Dixon provides to each client is that the decision is a personal one, based on your goals for the future. There are financial considerations with retirement, so knowing when you want to retire is essential for planning. Individuals in Greenville, SC, who begin saving for retirement earlier in life have more options for retiring, particularly if they wish to retire early.
The Average Retirement Age
There are some differences in average retirement ages across the United States. However, on average, most Americans plan to retire at the age of 62. With that being noted, there are still about 54% of people that will continue to work past the age of 65.
There is also a difference based on the generation. Generation Y tends to plan to retire at 59, while Baby Boomers typically plan to retire at 68. Even with all this planning, there can be unexpected health issues or other factors that can force a person into an earlier retirement than planned.
Working with Matt Dixon helps people at any stage in life to prepare for their retirement. Using effective strategies that help build retirement savings and protection for the unexpected, people have the peace of mind they have the money they need for the future.
