Money Mistakes Costing Investors Their Retirement. Is There Time to Rectify?
The American workforce is experiencing a “silver tsunami” as a record 4.1 million Americans are predicted to turn 65 years old this year, and every year from now until 2027, according to a report by the Alliance for Lifetime Income. In the same report, data suggests that an average of 11,000 65th birthday celebrations will be held every day from now through to December 2024.
America has reached peak retirement age, and with millions of workers soon stepping out of the workforce and claiming their spot on the retirement bench it’s time to start taking stock of how older individuals have been investing their nest eggs over the years, and how the next generation of savers can rectify these mistakes before they end in the same position.
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