Many of the estimated 77.5 million Boomers admit to uncertainty over how much money they’ll need to save for retirement and how long they’ll need to keep working because of rising health care costs and issues facing Social Security.
That is according to a new survey released by Del Webb, the Michigan developer of master-planned and retirement communities. Harris Interactive conducted Webb’s annual Baby Boomers survey online, polling 1,800 men and women between the ages of 41 and 59 from across the United States.
The survey revealed 59 percent of younger Boomers (ages 41 to 49) plan to buy a retirement home, while half of the population between the ages of 50 and 59 is likely to do the same. However, pessimism about the Social Security system and the cost of health care continues to cast a shadow over the respondents’ retirement dreams. ; Most respondents – 75 percent for the 41-to-54 crowd vs. 81 percent for people ages 55 to 69 – said they weren’t planning to rely solely on Social Security during their retirement.
« A lot of Boomers want new homes and a new lifestyle for retirement, but they may have to change a few things first, » Dave Schreiner, vice president of active adult business development for Pulte Homes, said. « They recognize they may have to save more money or start thinking harder about a semi-work, semi-retirement arrangement, which isn’t a huge shift from what we’re experiencing today. »
;About the author : John Agno coaches executives and business owners on how to build their leadership capability. As a certified executive and business coach, he works with men and women who are disappointed with leadership development, who struggle with energizing, exciting and coaching their employees, who are worried about increasing productivity and frustrated with the complexity of doing business in today’s global economy. http://www.sobabyboomer.com/
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