Concerns about financial readiness for retirement are widespread among millions of Americans, with some fearing they may never be able to retire. The topic of retirement and finances featured prominently in responses from individuals aged 48 to 90 who participated in a survey conducted by Business Insider. This ongoing series sheds light on the regrets and challenges faced by many.
The concept of retirement planning, including investment strategies and required savings, remains a mystery for numerous individuals. Some expressed regret over not seeking professional financial advice, while others lamented impulsive spending habits. Poor decisions regarding Social Security benefits and retiring without a solid financial roadmap were also common regrets.
Unexpected life events such as illness, job loss, or divorce caught many off guard, leaving them wishing they had prepared better for emergencies.
One individual, Gary Lee Hayes at age 70 from California, wished he had been more disciplined in his approach to saving and investing. Despite serving briefly in the Navy and obtaining a degree…
2024-11-23 12:10:01
Original post available on finance.yahoo.com