Many people are concerned about retirement finances, but that’s not the ONLY thing to worry about…
Brian Stoffel of The Motley Fool posted a fascinating article recently about what exactly the #1 silent killer in retirement really is. I was stunned! He said that the greatest silent killer is — Loneliness!
He states:
Before rolling your eyes, hear me out. In 2013, Merrill Lynch and Age Wave (MLAW) conducted a study asking pre-retirees what they would “miss most about work when they retire.” Here’s what they had to say:
- Reliable income: 38%
- Social connections: 17%
- Employer health insurance: 16%
- Having purpose and work goals: 16%
- Mental stimulation: 12%
- Source: Merrill Lynch/Age Wave
So, by an enormous margin, “a reliable income” was the most popular answer.
Then MLAW followed up by asking a group of currently retired folks what they missed the most about work. While ‘”reliable income” was still relevant, the responses were starkly different:
- Social connections: 34%
- Reliable income: 29%
- Having purpose and work goals: 19%
- Mental stimulation: 12%
- Employer health insurance: 7%
There was much more interesting information contained in his article PLUS what it means to your finances and how to avoid it. Read more about it here.
Speak Your Mind
You must be logged in to post a comment.