Here’s What Actual Retirees Found Out
Pre-retirees expect inheritances and income from selling a home to play bigger roles in retirement than they do now, a poll finds.
Retirement can seem like an abstract idea until we're alarmingly close to it. It's a little like dying—inevitable, but who wants to think about it. For that reason, many of us put off important moves that could make old age easier for us and our heirs, such as estate planning and writing living wills.
When pre-retirees do contemplate retirement today, a new survey (PDF) by HSBC Group suggests, we're either working off a new model of funding it or we're out of touch with where our money actually goes in retirement, as the chart below shows.