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July 24, 2024 at 03:00 PM
When clients ages 50 through 59 give you an intended retirement year, you might want to add some padding.
About 71% of the working investors in that age group told a survey team in May that they have delayed or are thinking about delaying their retirement.
The percentage of older Generation X investors who are at least thinking about putting off retirement increased from 65% in 2024.
F&G Annuities & Life included the retirement data question in its latest risk tolerance tracker survey.
The survey was conducted in May and included a sample of 2,048 U.S. adults. Most participants were ages 50 and older with at least $100,000 in financial products or savings.
One sign that the retirement data uncertainty relates to worry, rather than a love of work, is that the Gen X survey participants who may retire later than originally planned were much more likely to cite financial concerns than work positives as a reason.
