Many Americans retire earlier than planned. They have regrets
A significant number of Americans are retiring earlier than planned and experiencing subsequent regrets regarding their financial preparation.
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The brief
Many Americans are retiring before their intended dates and expressing regret. A TIAA Institute survey indicates that three in four current retirees wish they had saved more and started saving earlier.
Coverage from Wealth Professional and USA Today highlights the emotional and financial fallout of early retirement. Wealth Professional notes that while financial advisors can reduce retiree regrets by half, only one in four Americans utilizes such services.
Reports from plansponsor and planadviser emphasize the need for all workers to account for career moves and interruptions. Millennials, specifically, expect retirement delays due to career disruptions according to TIAA.
Synthesized by Archynetys from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated 20m ago.
Quick answers
How common are regrets among current retirees regarding savings?
According to a TIAA Institute survey, three in four retirees wish they had saved more and started the process earlier.
Do financial advisors impact retiree regret levels?
Wealth Professional reports that advisors cut retiree regrets in half, though only 25% of Americans use one.
What are Millennials expecting regarding their retirement timelines?
Per TIAA, Millennials expect retirement delays resulting from career disruptions.
Coverage (6)
- Retirees, Workers Regret Avoiding Retirement Savings Earlier in Career 401k Specialist · 4h ago
- Advisors cut retiree regrets in half, but just one in four Americans use one Wealth Professional · 4h ago
- NEW TIAA INSTITUTE SURVEY FINDS THREE IN FOUR OF TODAY'S RETIREES WISH THEY HAD SAVED EARLIER AND SAVED MORE PR Newswire · 4h ago
- Millennials Expect Retirement Delays Amid Career Disruptions, per TIAA planadviser · 4h ago
- TIAA: All Workers Should Account for Career Interruptions, Moves in Retirement Planning plansponsor · 4h ago
- Many Americans retire earlier than planned. They have regrets USA Today · 4h ago
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