More middle-aged people feeling confident about retirement

By: Kevin Hurd Email
By: Kevin Hurd Email

A new Gallup survey shows a growing number of middle-aged Americans are feeling more confident about retirement - a jump from about seven years ago.

EAU CLAIRE, Wis. (WEAU) -- Lynn Davidson is living her golden years. Not set schedule, no worries about work, just retirement and some workouts.

But the road to get here was not always easy. When you are planning decades in advance, there is bound to be worries.

"You've gotta plan for a long life and healthy life, but you always wonder if there's gonna be enough," Davidson said.

That uncertainty shows in Gallup polls conducted over the last eight years among middle aged adults.

53% in 2007 said they felt comfortable about retirement. But then that number dipped and just recently this year hit 50% for the first time since 2007.

"We see people walk in our doors the day after they retire with their account statement saying now what?" Sandy Sorenson said. She is a Registered Representative of Invest Financial Corporation and a member of the RCU Investment and Insurance Team.

She says do not put retirement planning off.

"The sooner you start, the more time you have to make that money work for you," she said.

She says get your Roth IRA's, savings and 401K's in order.

"I probably started to save when I was in my early 20's," said Linda Whitcome.

She has been on top of her finances. She has got things in order for retirement but still worries about the future.

"No matter how much money you put away, it never seems to be enough with the way the economy is," she said.

Lynn Davidson had those worries, too. She saw her own account dip during the recession in 2007 but learned a valuable lesson - numbers move up and down.

"That stuff sort of ebbs and flows, so you have to just sort of plan and know what you're doing is gonna be enough, and what you're gonna actually retire to is gonna be provided for," she added.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WEAU 13 NEWS 1907 S. Hastings Way Eau Claire, WI 54701 By Phone: Main Number (715) 835-1313 and (715) 832-3474. Tip Line (715) 839-WEAU - (715) 839-9328 Sports Line (715) 852-1537
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 259003681 - weau.com/a?a=259003681