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Apr 21, 2023 17 min

The Average Retirement Age Is?

from Retire Once Show Hosted by Johnathan Rankin

The Average Retirement Age Is? Sign Up for Our Weekly Retirement Newsletter: http://eepurl.com/gGenQr In today's episode of The Retire One Show, we dive into the findings from Gallup that show people are retiring later than ever before. In the past three decades, the average reported retirement age among American workers has increased from 57 to 61, with nonretirees' target retirement age rising from 60 in 1995 to 66 today. In this video, we'll explore the reasons behind this shift, including changes in Social Security benefits, longer life expectancies, and a transition to a service and information-based economy that allows for working into older age. We'll examine how these factors are contributing to the gap between expected and actual retirement ages, as well as the trend of fewer Americans aged 55 to 74 being retired compared to the start of the 21st century. We'll also discuss how household income may play a role in this shift towards later retirement, although the extent of its impact remains unclear. Join us as we delve into the complexities of retirement decisions and how the landscape has evolved over time. If you have questions or comments for the show email us [email protected] or head to www.Retireonceshow.com Sign Up for Our Weekly Retirement Newsletter - http://eepurl.com/gGenQr See if you are on track to retire https://www.theoremwm.com/start-here - - - - - - - - - - - - - - - - - - - Our mission here at Theorem Wealth Management is to help diligent retirement-focused savers achieve their dream retirement while reducing the stress caused by managing wealth. - Johnathan Rankin CRPC® CEPA®, Founder & CEO - Melissa Rankin - Wealth Management Advisor - Theorem Wealth Management 🎁 [ULTIMATE RETIREMENT TOOL KIT] https://www.theoremwm.com/retirement-toolkit-download 👍 [SCHEDULE A CONVERSATION] https://www.theoremwm.com/start-here 😁 [REACH OUT ON FACEBOOK] https://www.facebook.com/Theoremwm/ ➡️ [CONNECT WITH ME ON LINKEDIN] https://www.linkedin.com/in/johnathan-rankin-crpc%C2%AE-cepa%C2%AE-4a908b4a/ 🌐[HOMEPAGE] https://www.theoremwm.com/ 1️⃣[RETIRE ONCE] https://www.theoremwm.com/retire-once-show ----------------------- POPULAR RETIREMENT VIDEOS How rising interest rates affect retirement plans: https://youtu.be/FH8yU3W4oqo All About Roth Accounts - Roth Conversions, Roth IRAs & Roth 401(k)s: https://youtu.be/6WB5id7G7rA Retirement During A Recession: Are you Prepared?: https://youtu.be/sR28HxppG6o ----------------------- #TheoremWealthManagement #RetireOnce #RetirementPodcast #Podcast Disclaimer: Johnathan Rankin is a Registered Representative of Sanctuary Securities Inc. and an Investment Advisor Representative of Sanctuary Advisors, LLC. Securities offered through Sanctuary Securities, Inc., Member FINRA, SIPC. Advisory services offered through Sanctuary Advisors, LLC., an SEC Registered Investment Advisor. Theorem Wealth Management is a DBA of Sanctuary Securities, Inc. and Sanctuary Advisors, LLC.

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This episode was published on April 21, 2023.

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