save moolah

stats from freakonomics,

Will take on work upon retirement Pre-retirees’ expectation: 36%
Retirees’ reality: 10%

Will significantly reduce discretionary spending Pre-retirees’ expectation: 32%
Retirees’ reality: 10%

Will downsize home/relocate Pre-retirees’ expectation: 31%
Retirees’ reality: 7%

Will take on home-equity loan/line or reverse mortgage Pre-retirees’ expectation: 13%
Retirees’ reality: 13%

folks, save up.



http://www.freakonomics.com/blog/2006/12/11/what-retirees-think-and-what-retirees-do/