Can you retire at 65?Today, many of us are thinking, I'll never be able to stop working, and for good reason: In the 1970s, most Americans working full-time had access to pensions, which promised payments (after a certain number of working years) of up to 100% of your salary for nearly the rest of your life. That was on top of Social Security benefits. Today, only around 20% of Americans have access to a pension plan, and that percentage continues to decrease. But don't panic: What's required is a retirement rethink. By changing your expectations somewhat - and altering your saving and spending habits - you can have a secure and comfortable life after age 65.
Old Think: Retirement means I'll never have to work again
While for the lucky few with a large pension, this may hold true, those older than 65 are the fastest-growing group of workers - more than 7 million Americans over 65 are employed. This may be due to financial necessity in some cases, but also as we live longer, age 65 seems lessRead More »from Will You Have Enough Money to Retire?