The average number of years spent in retirement continues to grow, but many boomers aren’t planning to spend several decades retired. According to the TIAA Institute’s “Retired for How Long?” report, most boomers (57%) plan to retire between ages 60 and 69 and nearly half (46%) believe they will live to age 90 or older. That means a significant portion of boomers will spend 30-plus years in retirement. Yet, only 9% are planning to spend that long in retirement.
Be Aware: The Most Common Retirement Mistake, According to an Expert
