Nearly half of middle-class Americans don't plan to retire at 65, study finds

About half of middle-class Americans who are employed plan to work past 65, according to a study from the Transamerica Center for Retirement Studies and the Transamerica Institute. CBS News MoneyWatch reporter Aimee Picchi has more.

[Jamaali]

The concept of mini-retirement changed my life. I'm no longer waiting for some retirement paradise when I'm 65. It helps to know how to fund the lifestyle. You know, making money while you sip that piña colada by the beach does help. I wouldn't have been able to do it otherwise.

[diane.moore-]

We experienced the pinnacle of our era, but it is now gone. Like what happened to Rome, the corrupt administration will bring this nation to an end. My condolences go out to anyone who is close to retiring and may be worried about whether their pension will be enough to pay the rising cost of living. Insane fiscal policy, poor regulatory policy, poor energy policy, and poor foreign policy

[tatianastarcic]

I’m closing in on my retirement and I’d like to move from Minnesota to a warmer climate, but the prices on homes are stupidly ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways?

[benjamindavidson]

I think the retirement crisis will get even worse. A lot of people can’t save because of low paying jobs, inflation, and insane rental rates. And now that home ownership is out of reach for middle class Americans, they won’t have a house to retire with either.

[MattGrimmett]

"Nearly half of middle-class Americans AREN'T ABLE to retire at 65, study finds." There, I fixed it.

[hollybardoe]

You may say you're not going to retire at 65, but your company may have other ideas. I was laid off at 67, along with 12 other people over 55. The company got around the age-discrimination thing by eliminating our jobs from under this. No one is really safe these days.

[tonioyendis]

Don't over-think it; retire at 65, because that's when Medicare kicks-in. The key is: pay-off all bad-debts i.e. credit-cards, auto-loans, etc. Also, pay off mortgage. It's much easier to manage retirement when you get these things off your plate.

[johnawara]

I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

[organichemone]

People don’t want to work longer, they have too. The only fix that’s needed is for the government to pay back what they stole from social security.

[phuongha]

The middle class is now the working poor. The new middles class is the upper middle class.

[tmo]

Isn’t that crazy? The wealthiest country on the planet and seniors have to work forever…

[Vikturneer]

I remember having a consultation with a fiduciary last August, and it was incredibly insightful. Looking back I'm glad I made the decision to invest. Can’t stress enough how helpful experts in this field are!

[Jeffery-fe]

So far I'm doing good, approaching retirement with about 800k in savings. Transitioning from building wealth to spending can be scary, especially with soaring inflation. My question is, after maxing out my tax-advantaged retirement accounts, what next?

[StephSH]

The trust fund would have been fine if politicians would stop stealing money from it. I’m retiring at 62- I don’t care if I have to live in my travel trailer to do it, I refuse to work until I die of old age.

[floydchusset]

I need a way to draw up a plan to set up for retirement while still earning passive income to meet my day to day need and also get charged lesser taxes even while in a higher tax bracket. i want to invest around $250K savings.

[josephschmidt]

I’ve known so many people who claimed boldly “I’m never gonna retire “ and they didn’t prepare so when Father Time caught up to them they were in a jam. Get yourself debt free and save as much as you can starting as early as you can.

[Hotspur]

I started to aggressively save when I turned 45 and was able to retire at 59 and am now spend my time traveling (while my body is still in excellent shape). Off to Asia in two weeks and returning to NYC in late December. Retirement life is good.

[SideWays]

Dollars are seeds. If you don't plant any while you're working, there will be none to harvest.

[CJMcDonald-xnmn]

Live below your means. Stop spending on things you don’t need. #1 - STOP buying fancy cars that sit in a driveway 20 hours per day.

[josephsumpter]

trying to get people to work until they’re in the grave 😢