It will take baby boomers 10 more years to retire than most had initially planned, according to a survey of over 1,600 retirement reports. Instead of expected retirement at the age of 65, the number has gone up to 75, according to My New Financial Advisor’s survey.
The survey was based on data provided by users of FreeRetirementReport.com, an online arm of My New Financial Advisor where boomers input their information for current income/expenses and future income/expenses. These income and expense variables were then compared against industry standard market returns for the boomers existing investment portfolios.
