Many have retirement fears

Forget sandy beaches, long cruises and plenty of time for the garden and the grandkids.

About half of Americans aren’t looking forward to retirement, at least in part because they fear they won’t have enough money, a new survey finds.

The survey, conducted in March on behalf of TD Ameritrade, found that only 52 percent of working adults agreed with the statement, “I am looking forward to retirement.”

The remaining 48 percent were either neutral or disagreed.

TD Ameritrade then asked the people who had disagreed with the statement why they weren’t looking forward to retirement.

The most common reason was that they didn’t have enough money saved, although a similar number of people said they were too young or retirement was too far away.

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Other popular responses included that they like their work or feared being bored.

Baby boomers, born between 1946 and 1964, were most likely to be looking forward to retirement. Older workers born from 1930 to 1945 were most likely to feel negatively about retirement, perhaps because at their age it seems they might never retire.

The responses were from a survey of 2,000 U.S. adults.

The recession has had a varied effect on workers’ retirement plans. Some older people are working longer than they expected because they can no longer afford to retire. Others have been forced into early retirement because they lost a job and couldn’t find a new one.

The average age at which Americans expect to retire has been gradually creeping up. A recent Gallup poll found that it has risen to  67.

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Results with 84 short comments

Got laid off after I became disabled, so retirement was not my idea. I am enjoying it, but wish I had more money.

the 1% arent worried,keep giving them a tax break people.

Just depends on how you want to live in retirement, my wants and needs are low, small home, paid for, no outstanding debt, I’m loving it!

I am affraid of what the Democrats are going to do to my Social Security. They keep chipping away at it and keep blaming the Republlicans.

I can’t wait for the palms and sandy beach. The job just ain’t what it used to be.

I maxed out my 401-k for 25 years. Don’t rely on someone else to fund your retirement.

One never retires! Change pace, but keep active!

I’ll have enough to pay basic needs but not any left over for luxuries, like trips, buying clothing, etc.

You should at least keep working part-time unless you want to roll up and die, of course.

I prepared for it and should not run out of money. Started a new career/hobby, too…making custom furniture.

as long as my taxes keep getting cut and my pharmaceutical company can keep fleecing sick people – I’ll be just fine

I work for a govenment and I worry that the pension plan I have paid into for years will be come a Republican piggy bank that they raid

Yes… I’ve made a lot of choices to become financial secure (not wealthy), and look forward to retiring in 20 years.

It’s the best thing going. Six years in and I don’t regret a day of it – the total freedom to do what you want, when you want, is priceles

Oh yeah! I enjoy what I do, but I admit that I am looking forward to the day I don’t have to do it any longer…

I am retired and enjoy it have been retired for years before all the bailouts Obama put out.

I can’t get there soon enough. I’ve got to hang on for 896 more days, then free to do what I like on my own schedule. Wooohooo.

I am saving money for retirement, but it is in case I am not able to work. I have no plans to quit my work. I love it.

I’ll have a pretty decent pension but I think I will probably have to supplement it with some part time work.

I retired in 2007, my wife in 2010. There is an adjustment period, big lifestyle change. Home most days, don’t need as much money.

And the GOP is sure doing everything they can to make sure we cannot afford it!

29 years old and saving over $10K per year just to make sure I retire comfortably.

If the Republican Congress does not eliminate SS then we are well prepared when combined with our 401K’s and other retirement programs.

I can’t wait even though I’m at least 9 years away from that option. It’s just a job. It’s not who I am, it’s just what I do.

I’m almost there. I may have to work part time. I’ll do what I want, I will not take any crap. I ‘ll have the option to walk. Great felling

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