x Is 30 The New 40? It ls When It Comes To Retirement (NAPSA)—People turning 30 a should: A. Stop going to spring break; B. Move out of their parents’ house; or C. Begin saving for retirement. Believe it or not, a majority of Americans begin saving for retirement by age 30. Saving for retirement was once seen as an important financial goal for those 40 or older, but currently, much younger Americans are jumping on the retirementplanning bandwagon. According to an international survey by AXA Equitable that j saving an estimated $696 per of anticipated retirement and mix it with the additional 7,900 baby boomers turning 60 every day? The result is a whole lot of unease about the exact provisions of future solvency. American workersare planning earlier and living well later, yet the years preceding the grand recess are marred with investment inquietude. Fear of future financial shortcomings is palpable but unwarranted when examining the quality of life in retirement. Americans tirement savings amount of any but nearly 70 percent of American included almost 7,000 interviews in 11 countries, 85 percent of American workers are starting to prepare for retirement by age 30. Via Social Security, employer-sponsored plans, pensions, life insur- ance and real estate, most Ameri- cans have found ways to contribute to their retirement nest egg. In fact, working Americans are month, which is the highest re- country in the survey. With saving starting earlier, you would expect that the years leading up to retirement would be worry free. Not so. Less than half ofAmerican workers age 55 and up have a clear understanding of their total retirement funds, and only 18 percent of those proactive early savers in the 25- to 34-year-old bracket feel fully informed about the amount of may expect to work past age 64, retirees were younger, most at age 58. Once retired, however, Ameri- cans are pleased with the outcome and prospects. U.S. retirees are the happiest, travel the most, receive the highest income of any country, save the most for retirement andare first in the world in home ownership. The third annual AXA Retire- their retirement income. Moreover, ment Scope Survey is part of AXA’s continued effort to enhance its understanding of the issues, perceptions, concerns and wishes surrounding retirement for the ongoing development of innovative financial and retirement planning services. For more information on the retirement and an increasing age Web site www.axaonline.com. the age at which people expect to retire is increasing. The average age is 64, up from 62 in the yearago survey. Most middle-income Americans surveyed aren’t fully prepared for retirement and anticipate working until age 67. So what happens when you take the approaching ambiguity of survey or on retirement, visit the
