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3. Planning to skip retirement

Never be able to retire — Image credit: © Robert Byron | Dreamstime.com

Not everyone has retirement plans. Of the 10% of Americans who plan never to retire, the No. 1 reason they don’t plan to retire is that they don’t think they’ll ever want to stop working (42%). But others don’t feel like they can retire—close to a third of Americans who don’t plan to retire (31%) say it’s because they don’t think they’ll ever save enough to do so, and 18% say it’s because they have to/will have to support other family members financially.

About 1 in 6 Americans (17%) don’t think they’ll ever be able to save enough money to completely stop working, and 22% of Americans say their retirement plan includes working part-time.

SEE ALSO:

• Top Reasons Workers Think They’ll Never Be Able to Retire

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Author

Brian Anderson

Veteran financial services industry journalist Brian Anderson joined 401(k) Specialist as Managing Editor in January 2019. He has led editorial content for a variety of well-known properties including Insurance Forums, Life Insurance Selling, National Underwriter Life & Health, and Senior Market Advisor. He has always maintained a focus on providing readers with timely, useful information intended to help them build their business.