Retirees are increasingly rethinking their financial strategies and lifestyles as the traditional perceptions of retirement evolve, according to research from Nationwide.
Drawing from its ninth annual Advisor Authority study, the firm said nearly one-third (31 percent) of retirees anticipate feeling less secure in their retirement compared to previous generations.
This uncertainty is compounded by ongoing financial obligations. Over one-fifth (22 percent) of retired investors are concerned about affording their monthly expenses. Moreover, 26 percent of retirees continue to pay off their mortgage, while 25 percent are still dealing with credit card debt.“The picture of life after retirement has changed for many […]
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