10 Signs You’ll Need Your Children’s Help In Retirement

You’re Depending on Working to Fund Your Retirement

A 2014 survey by Transamerica found that 65 percent of workers planned to work after age 65. Other surveys have reported similar results. While the desire for intellectual stimulation is part of this, undoubtedly the need for additional income in retirement is a key driver.

However, the news is not good for those planning to work late into life. A 2017 survey by the Employee Benefit Research Institute found that 48 percent of older workers left the workplace earlier than planned. Top reasons included:

• Health problems or disability (41 percent)
• Changes at their company (26 percent)
•  Ability to afford retirement earlier than expected (24 percent)

The fact that 67 percent of those people left the workforce for reasons beyond their control is one more good reason to save as much as you can during working years.