Wednesday, April 04, 2012

Boomers Retiring Sooner than Planned

The leading edge of the baby-boom generation--people born in 1946--turned 65 in 2011. Wouldn't you like to know what the oldest boomers are doing about retirement?

Now you can: the MetLife Mature Market Institute has been tracking the oldest boomers for years. The latest survey results show that, for boomers who turned 65 in 2011, retirement plans and reality are diverging. The 45 percent plurality of boomers who turned 65 last year are fully retired. Among the retirees, the 51 percent majority say they had to retire earlier than expected.

Source: MetLife Mature Market Institute, Transitioning into Retirement

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