3 Reasons You Might Wind Up Hating Retirement
Many workers spend the latter part of their careers counting down to retirement. This especially holds true among those who don't really like their jobs, or find them mentally or physically demanding.
But in a Nationwide Retirement Institute survey, 26% of retirees who checked out of the workforce at least 10 years ago, and 27% of more recent retirees, say life is worse now that they're no longer working. And if any of the following factors wind up applying to you, there's a chance that you, unfortunately, may wind up hating retirement, too.
Investment giant Fidelity recommends entering retirement with 10 times your ending salary socked away in an IRA or 401(k), and if you're not privy to a generous pension, that's actually pretty spot-on advice. The problem, however, is that many seniors go into their golden years woefully unprepared financially. In fact, more than 12% of Americans 65 and older have less than $1,000 in an IRA or 401(k), reports GOBankingRates.
Source Fool.com
