And more than three in 10 have no retirement budget

Clock and Glasses sitting on a desk; Retirement Concept

By Lee Barney – PlanAdviser – March 21, 2018

Seventy-three percent of non-retired Americans 50+ expect to delay their retirement, the non-profit NHP Foundation learned in a survey. Thirty-one percent haven’t prepared a retirement budget. Among those who have tried to figure out a retirement budget, 62% say that Social Security will comprise half or more of their monthly income; 65% have not budgeted for unforeseen health-related expenses.

Among those who have no retirement budget and plan on Social Security to provide half or more of their retirement income, 72% said they haven’t accounted for unforeseen health-related expenses.

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