The biggest pension remorse – and how to protect them from them

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If given the opportunity to do a lot, many retirees say that they do their financial decisions differently.

According to the study Olivia MitchellA Wharton Professor and Executive Director of the Board of Pension Research, Mitchell’s Most Over 50 Sections He said he was very sorry about the insufficient saving.

“Most respondents said they saved more,” said Mitchell, in the final episode of decoding pension agreement (see video above or below). “They said they said they were 2% less than 2%.”

Retirees also stressed other regrets. Many do not work for longer and do not delay social security claims – both would increase their retirement revenues.

Another noteworthy find was regret to ensure life income through an annuity. Annuities provide a continuous flow of income, facilitate the costs, especially the elderly abilities are reduced.

“Many people are immoral when they rejuvenate,” Mitchell said. “And this may be a steady flow and real boost. People regret not doing this.”

Read more: Fixed Annuities and CDS: Is it better for your retirement savings?

In Podcast, Mitchell, Mortgage debt, student loan debt, credit card debt and approved by approval, applied to the increase in the number of elderly adults.

According to Mitchell, the elderly adults were proud to retire once – so many mortgage burning ceremonies were a common tradition in the 20th century America.

“But this relationship is not against retirees today,” he said.

More and more retirees retire without paying a mortgage – and in some cases, they receive a greater mortgage when transferred to a Sunni climate or other state.

The credit card debt has become a growing concern for retirees. And in a strange way, about 6% of retirees have already seen their social security checks, or they have taken out for themselves or their children for their children.

“Thus, the debt is increasingly worried,” he said.

Read more: How to pay a credit card debt when your budget is tight

In addition, Mitchell noted that high inflation has led to various debt, including interest rates on mortgage loans, credit cards and student loans.