Some people dream of a retirement filled with travel, recreational activities and cottage time. Is that you, or is building enough wealth for all of this making you anxious? If it is, chances are your age is somewhere between 45 and 54.
That age group indicated the highest level of stress when it comes to retirement discussions, according to a survey entitled Franklin Templeton Investments 2014 Retirement Income Strategies and Expectations (RISE). In fact, 78% indicated some level of stress about retirement, with 'running out of money' and 'health' being the top concerns for two-thirds (66%) of those surveyed.
"While this age group is a decade or two away from retiring, it highlights the anxiety surrounding retirement as people are living longer, resulting in redefined expectations versus their parents' generation," says Philip Bensen, senior vice president at Franklin Templeton Investments Corp.
"An investment advisor can help you develop a tangible retirement plan that reflects where your savings are currently, plus the appropriate investments to assist in getting you where you want to be."
