Wednesday, April 10, 2024

Retiring in your 60s is becoming an impossible goal. Is 75 the new 65?

Retiring in your 60s is becoming an impossible goal. Is 75 the new 65?

Article Excerpt: "...the idea of stepping away from the workforce in your 60s doesn't seem realistic – or even sensible – for many people, especially now. Some major financial figureheads agree. In March, investment-management firm BlackRock released its annual letter to the company's investors. Its CEO Larry Fink sounded a warning for workers hoping to retire – comfortably and financially secure – in their 60s. As global life expectancy grows, social safety nets fray and cost of living spikes, Fink warned that retirement at age 65 won't be possible for many, even most, people...."



Resource: www.bbc.com