Many Boomers to Stay Put Upon Retirement

“The survey results seem to defy expectations that the economic slowdown of the past five years has forced many Baby Boomers to rethink their retirement plans,” said Deborah Meyer, senior vice president of PulteGroup. “Given the significant weakness in housing over this same period, we were surprised to see that only 12% of those respondents who are delaying retirement indicated that selling their home or the current value of their home is a barrier to retirement.”

Further PGHI survey findings include:

• Thirty-two percent plan to retire in less than five years;

• Nearly half (49%) of respondents’ expected age of retirement has not changed;

• Ten percent of respondents expect to retire at a younger age than originally anticipated; and

• More than one-quarter (27%) believe they will be financially prepared to retire in less than five years.

The PulteGroup Home Index (PGHI) survey was conducted online by Russell Research from June 8 to June 11, 2012, among 500 pre-retirees ages 55 or older.

Kristen Heinzinger
editors@plansponsor.com