MYTHS AND FACTS
01.Core Concepts
• Myth: 75% of respondents say they plan to work during retirement. • Reality: Only 30% of retirees actually work during retirement. • Myth: 14% of respondents expect to retire before age 60. • Reality: 32% of workers retire before age 60. • Myth:2 3% of respondents expect to retire at age 70 or later. • Reality: Only 6% of workers waited to retire at age 70 or later. • Reality: The average worker retires at age 62. 49% of retirees retired earlier than planned, of those, 63% sa id it was for some reason that was beyond their own control (e.g., due to health or changes in employment). Source: 2024 Retirement Confidence Survey by the Employee Benefit Research Institute and Greenwald Research