While many people dream of retirement, at the same time, there is a great deal to worry and fear about life once we retire. It’s not all about traveling the world and enjoying your hobbies every day (although for some it can be!). And a recent survey revealed what baby boomers fear most when it comes to retiring. People in this generation has or will soon retire (the youngest boomers are currently 57 and the oldest are 75) and the survey, conducted by Transamerica Center for Retirement Studies, revealed some valuable insights regarding this demographic and their concerns.
17 percent of boomers fear being lonely and isolated during retirement; interestingly, younger respondents seemed more worried about loneliness than older respondents. Besides loneliness, another worry is not finding something meaningful to do with ones time during retirement.
More findings revolve around finances, healthcare, independence and more. You can find more details about the top 10 fears about retirement gleaned from the Transamerica Center for Retirement Studies survey in this article from Money Talks News—do they resonate with you in terms of what you’re worried about when it comes to retiring?