retirement planning
When it comes to retirement, like many things in life, timing is everything.

Across America, many Boomers are wrestling with the question of when to leave the working world behind. Retire too early and you risk outliving your nest egg; wait too long and you may never get to enjoy retirement at all. It’s a complicated decision, to say the least, and one that is causing many would-be retirees to choose inaction – they simply continue to work without tackling the difficult decision of when to stop. Below are four common reasons workers put off making the decision of when to retire.

Fear of Not Having Enough

The sad truth is, many workers aren’t retiring because they are paralyzed by the fear of not having enough money for their monthly expenses. Unfortunately, many of them may be right. Recent data shows that 64 percent of Americans aren’t saving enough for retirement. Many Baby Boomers have spent years planning to rely on whatever they’ll get from Social Security, only to wake up as they near retirement age and realize they should have been supplementing their monthly retirement income with cash savings and smart investments, too.

Read More