Regrets are widespread: According to a new study from Transamerica, 76 percent of retirees wish that they would have saved more on a consistent basis. One factor behind this is that 53 percent say that they would have liked more information and advice from their employers on how to achieve retirement goals.
In fact, nearly all retirees indicate their employer offered little in the way of retirement transition assistance. Fewer than 10 percent say their most recent employer offered flexible work arrangements, retirement seminars, or financial counseling.
The study also found that among the 60 percent who retired sooner than planned, two-thirds retired for employment-related reasons. The key factors: organizational changes at their place of work, job loss, being unhappy with their job or career, or receiving a retirement incentive or buyout.