Anyone else read this recent survey on retirement?
http://wealthmanagement.ml.com/publ...GWMOL/2013_Merrill_Lynch_Retirement_Study.pdf
Don't pretend to understand the scientific validity of their stats/methods, but basically a 2012-13 survey of 6,000+ US folks aged 45+ (pre-retirees, ER's, & "normal" age retirees).
To me, most findings were predictable, but I was surprised that well over half said they were retiring earlier than they planned, and only ~1/3rd said they ER'ed due to FI. Most other articles seem to suggest that since '08/9 downturn folks are working longer & delaying ER to achieve FI first. Also- I was puzzled by responses to their 4 "key elements of retirement piece of mind"- financial security, health, family well-being, and personal purpose. Top element was "personal purpose" for just 12% of folks. From comments here, I would have guessed PP would have ranked higher
Not quite ER'ed yet, so very curious about what the 'real' ER's here think.
http://wealthmanagement.ml.com/publ...GWMOL/2013_Merrill_Lynch_Retirement_Study.pdf
Don't pretend to understand the scientific validity of their stats/methods, but basically a 2012-13 survey of 6,000+ US folks aged 45+ (pre-retirees, ER's, & "normal" age retirees).
To me, most findings were predictable, but I was surprised that well over half said they were retiring earlier than they planned, and only ~1/3rd said they ER'ed due to FI. Most other articles seem to suggest that since '08/9 downturn folks are working longer & delaying ER to achieve FI first. Also- I was puzzled by responses to their 4 "key elements of retirement piece of mind"- financial security, health, family well-being, and personal purpose. Top element was "personal purpose" for just 12% of folks. From comments here, I would have guessed PP would have ranked higher
Not quite ER'ed yet, so very curious about what the 'real' ER's here think.