Recent findings show that many Americans are planning to work past retirement

By Jameel Murray

When it comes to financial planning, retirement can be a scary thing to think about for most people. Given that most citizens are not familiar with their own retirement planning, retirement is becoming a problem for many employees. According to a recent study conducted by Bankrate, more Americans are planning to work past retirement. While 39 percent of citizens are planning to work past retirement because they simply enjoy working, 55 percent of retirees worry that they have not saved enough and would be required to work in order to have a substantial living situation. Because of the recent economic turmoil, 40 percent of Americans are planning to postpone their retirement. Other percentages display that 40 percent of Americans are solely investing for retirement while 27 percent receive aid from a financial adviser.
Even though the financial crisis has altered the retirement plans of many Americans, studies have also discovered that the majority of workers worried about their retirement plans are those with a high school education or less. These recent findings have outnumbered historical statistics and therefore provide us an example of the importance of financial planning. It is required that employees get some source of aid or advisory when making their retirement planning decisions.

Source: http://www.prnewswire.com/news-releases/75-of-americans-plan-on-working-as-long-as-they-can-63589602.html

http://www.google.com/hostednews/ap/article/ALeqM5jnz6k_0akwWFZa3GkQ7tmoZP3RwAD9B5Q5V82

http://philadelphia.bizjournals.com/philadelphia/stories/2009/10/05/daily28.html