More than ever before, people are worried about whether they'll be able to retire with financial security. Yet while gloom and doom abound on the subject, at least one group believes that today's crop of new retirees are in better shape than you might have thought.
Ready to face big challenges
Retiring is no easy thing these days. With big costs like taxes and out-of-pocket health-care expenses, as well as the uncertainty about how long you or your spouse will live, it's challenging to put together a financial plan that covers all bases.
But according to a paper published by the National Bureau of Economic Research, RAND Corp. researchers found that about seven out of every 10 people between the ages of 66 and 69 should feel confident about their retirement prospects. For certain select groups of people, the outlook is even brighter....