Six Surprising Facts About Retirement Confidence

May 20, 2025

Retirement

Six surprising facts about retirement confidence. The title is framed in a dark grey rectangle and then a large grey rectangle with tiny white pinstripes.

Six surprising facts about retirement confidence. The title is framed in a dark grey rectangle and then a large grey rectangle with tiny white pinstripes.

1 in 3 retirees report higher expenses than anticipated. A comfortably yet elegantly dressed woman of mid-to-late middle age wearing spectacles listens on a telephone while seated on a couch in a well-appointed apartment.

1 in 3 retirees report higher expenses than anticipated. A comfortably yet elegantly dressed woman of mid-to-late middle age wearing spectacles listens on a telephone while seated on a couch in a well-appointed apartment.

20 percent of retirees find that extended care costs, which Medicare does not cover, are much higher than expected. A comfortably yet elegantly dressed man of mid-to-late middle age listens on a telephone while seated on a large wicker chair in a well-appointed home.

20 percent of retirees find that extended care costs, which Medicare does not cover, are much higher than expected. A comfortably yet elegantly dressed man of mid-to-late middle age listens on a telephone while seated on a large wicker chair in a well-appointed home.

86 percent of retirees-to-be expect social security to be a significant factor in their retirement, when in reality 94 percent of retirees find it their most important source of income. An informally-dressed bespectacled woman sits at a breakfast table with her clasped hands resting at her chin, reading her steel-colored laptop.

86 percent of retirees-to-be expect social security to be a significant factor in their retirement, when in reality 94 percent of retirees find it their most important source of income. An informally-dressed bespectacled woman sits at a breakfast table with her clasped hands resting at her chin, reading her steel-colored laptop.

While about half of workers believe they will retire at age 65 or older, the actual median retirement age is 62. A barefoot woman, dressed in leisure wear and with her white hair in a small ponytail looks out at a large body of water with her Jack Russell terrier while seated on a large driftwood log.

While about half of workers believe they will retire at age 65 or older, the actual median retirement age is 62. A barefoot woman, dressed in leisure wear and with her white hair in a small ponytail looks out at a large body of water with her Jack Russell terrier while seated on a large driftwood log.

More than half of people approaching retirement describe debt as a problem, and many make debt reduction a primary goal. A comfortably yet elegantly dressed woman of mid-to-late middle age listens on a telephone while standing in a well-appointed apartment.

More than half of people approaching retirement describe debt as a problem, and many make debt reduction a primary goal. A comfortably yet elegantly dressed woman of mid-to-late middle age listens on a telephone while standing in a well-appointed apartment.

Private health care costs can be more expensive than expected. With that in mind, it’s a good idea to have a financial strategy in place for these and other costs. A young woman wearing a sweater smiles and walks behind a man of mid-to-late middle age in his wheelchair.

Private health care costs can be more expensive than expected. With that in mind, it’s a good idea to have a financial strategy in place for these and other costs. A young woman wearing a sweater smiles and walks behind a man of mid-to-late middle age in his wheelchair.

Here’s the good news. It’s never too late to update your retirement strategy, especially as your medical needs change. Sources. 1. EBRI.org, 2022. 2. Genworth, 2022. Final text framed in white and grey.

Here’s the good news. It’s never too late to update your retirement strategy, especially as your medical needs change. Sources. 1. EBRI.org, 2022. 2. Genworth, 2022. Final text framed in white and grey.

Related Content

Charitable Giving: Smart from the Heart

Do you have causes that you want to support with donations?

Should I Invest in Gold?

Learning more about gold and its history may help you decide whether it has a place in your portfolio.

Estate Management 101

A will may be only one of the documents you need—and one factor to consider—when it comes to managing your estate.

What Can a Million Dollars Buy You?

$1 million in a diversified portfolio could help finance part of your retirement.

Your DNA Test

Preparing for the unexpected can make all the difference if your family relies on your income.

Social Security: By the Numbers

Here are five facts about Social Security that might surprise you.

To Buy or Not to Buy

The decision whether to buy or rent a home may have long-term implications.

Rightsizing for Retirement

What does your home really cost?

Safeguard Your Digital Estate

If you died, what would happen to your email archives, social profiles and online accounts?

By providing a telephone number and submitting the form, you consent to be contacted via SMS from Saxon Interests Inc. Message frequency may vary. Message & data rates may apply. Reply STOP to opt out of further messaging. Reply HELP for more information.

Contact us

What can we do for you?

Contact us to schedule a consultation and learn how our portfolio management services can help you reach your financial goals.

Phone:

Email:

[email protected]

Location:

+1177 W Loop S #1825,
Houston, TX 77027, United States

Tell us how we can help you today

By providing a telephone number and submitting the form, you consent to be contacted via SMS from Saxon Interests Inc. Message frequency may vary. Message & data rates may apply. Reply STOP to opt out of further messaging. Reply HELP for more information.