MedicareFAQ has released the results of a survey in which researchers asked retired Americans to reflect on their transition out of work, finances, various aspects of retired living and any regrets they may have. Not surprisingly, many retirees did have regrets.
MedicareFAQ, a learning resource center for the online brokerageElite Insurance Partners,surveyed 569 self-reporting retired Americans in January. Sixty-five percent were women and 35% men, with an average age of 65. At retirement, the average age among respondents was 58, with the majority having been out of the workforce for at least five years.
See the gallery for 11 survey findings on what retirees really think about life after work and how well they were financially prepared for it, according to MedicareFAQ.
1. Not saving enough. One of retirees' biggest regrets is not setting enough money aside for their retirement. A recent survey showed that 59% of retirees say they regret not saving more, and 60% say they should have started saving earlier.
Of those surveyed, 34% wished they had worked longer, while only 6% said they regretted working too long. For retirees who quit their jobs and then have second thoughts, all is not lost. There are many opportunities for older workers to find fulfilling work that can also provide extra income.
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