Boomers are heading into retirement with some trepidation, according to a report from Jackson. The “Defining the Future” survey, released Thursday, found 38% of boomers feel “pensive” when they think about their impending retirement, more than the percentage of respondents who said they were either “empowered,” “excited” or “scared.”
“There has been a tendency for some in the financial services industry to perceive that investors are either 100% ready to leave the work force or are completely unprepared. Based on our survey results, the actual landscape appears to be far more complicated,” Jackson stated in the survey.
About the same percentage — 39.4% — of respondents said they plan to stop working completely sometime between the ages of 65 and 70, the survey found.
However, the remaining respondents were evenly divided in their plans to stop working. About one in five said they will either continue working past the traditional retirement age; will find a new job after retiring from their career, even if it pays less; or plan on working as long as they can because they love their job or just like working.
“The fact that more than 20% landed in all three ancillary categories signifies the beginning of a shift in the way Americans view their financial future,” according to the survey.