Consumer Alert: Emerging Retirement Trends — Not Retired
ROCHESTER, N.Y. — Our Consumer Alert is looking at a new trend that might change the way you look at pay a little bit. This is a study that analyzes our views on retirement.
These elderly people are not working hard, they are working as lifeguards.
Most of those surveyed said they wanted to retire in stages, such as going from full-time to part-time at the office, before retiring. And it cuts across generational divides, with most people of all ages, except for boomers, saying they want to start a business, travel, and uplift their communities.
Millennials came in first with 73%.
But almost everyone wishes they had started saving sooner. Fidelity leaders say there’s no need to panic.
“I’ve had cancer four times, and I always felt like I was behind because even if I paid off my medical debt, I would get cancer again right away,” says Lianna of Fidelity・Deviny says.
Deanna Dewberry, News10NBC: “What would you say to people in their 40s and 50s who feel like they’re falling behind?”
Liana Devinney, Fidelity: “First and foremost, thank you for sharing this, and you’re not alone. If you feel like you need to catch up, it actually starts with that plan. And if you can save little by little, money will make money.” The power of compound interest can greatly help you grow over time, but it also requires a diverse plan that works for you.”
But before you can make a plan, you have to know where you are now. Fidelity leaders recommend taking the Fidelity Retirement Test. Answer a few questions, get a score, and then make a plan.
If you would like to take the test, please click here.
Research shows that Gen Z really likes robo-advisors. Here are some recommended ones.
Of course, you can use traditional advisors, but you need to do your research.
