A lot of people are putting off their retirement plans, according to a new poll, but one Texas expert says there are a lot more reasons for that than most people consider.
While certain folks might be tempted to blame the Trump administration for postponed retirement plans, it's inflation and the economic uncertainties (such as the pandemic and resulting economic woes) of the past five or so years that have caused much of our financial problems, according to one expert.
And as 70% of the people asked in the new survey said they either will or are considering postponing retirement, investment expert Bill Dendy says many people are still worried about inflation, despite being told that "inflation is down."
"Inflation has hurt purchasing power. But there are those who didn't save enough along the way. Or they had emergencies, especially medical," he says.
But most people overlook the need or love for work that keeps many others putting off their retirement.
"The ability to continue work and the necessity to continue work make that 70% number absolutely reasonable, to see more people pushing it off."