Boomers are relatively calm facing retirement despite a turbulent economy, according to Charles Schwab’s quarterly retirement pulse survey, released August 31.
Fifty-four percent of boomers say they don’t expect to delay their planned retirement date. Still, more than one-third (38%) say they will retire later than planned.
Almost three-quarters said they wouldn’t need financial support at some point after they retired. Furthermore, 54% said they expected to retire debt free.
“The optimism is a positive sign about the planning they’ve done and they’re able to quantify it and have the means to do it,” Tad Fryer, vice president and branch manager for Charles Schwab, told Investment Advisor.