The Average American Retires at 62. Buying These 3 Investments Now Could Make Your Retirement Much More Comfortable

People are steadily extending their careers and working longer. According to research by The Motley Fool, today's average retirement age is 62, up from 59 in 2002. People also expect to work longer than before, with the average expected retirement age rising from 63 in 2002 to 66 today.Why aren't most people working as long as they expect? Unfortunately, it could be due to health or other uncontrollable factors. The same research shows that retirement duration peaked for U.S. men in 2012 and U.S. women in 2005.The bottom line? People work longer out of financial necessity, putting them in difficult situations as they age. The median retirement savings for Americans between 65 and 74 is only $200,000, which would be just $8,000 in annual withdrawals using the 4% rule.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool