For Many Hopeful Retirees, 70 May Not Be the New 65 After All
Filed under: Retirement, Personal Finance
By Steven Kutz
It’s become common — and comforting — wisdom: Those who haven’t saved enough for retirement can significantly boost their income in their golden years by working until the age of 70, instead of the traditional 65.
Not so, counters a study released Thursday by the Employee Benefit Research Institute. “You’re not going to magically be fine if you work a few more years,” said Jack VanDerhei, research director for EBRI and author of the report.
EBRI’s studies often sound a…
For Many Hopeful Retirees, 70 May Not Be the New 65 After All originally appeared on DailyFinance.com on 2012-09-03T06:00:00Z.
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