Tuesday, April 21, 2015

Do You Wish You Had Retired Earlier?

There aren't very many of us who get to the end of our lives without any regrets. According to a new survey of retirees from New York Life, one of the most common regrets is waiting so long to retire. On average, a currently retired person wishes he or she had retired four years earlier, according to the survey.

Not surprisingly, the older the person was when they retired, the more likely they are to wish they had retired earlier. The survey found that, overall, 46 percent of current retirees wish they had retired sooner, but among those who were 60 or older when they stopped working, it rises to more than half.

There's one caveat to all these responses, though. The retirees got to include the stipulation that they would have the same amount of money in retirement no matter when they quit working - which is not usually realistic.

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