A significant number of seniors wish they had saved more for retirement or made better choices in the area of work/life balance, a new report has found.
The study, from insurance resource MedicareFAQ, surveyed 569 U.S. retirees in January of this year. It found that one in four retired Americans have regrets about their decisions regarding retirement savings or related decisions. The biggest regret was in saving: 78% said they didn't save enough money or prioritize finances. The second biggest regret was health, with 52% saying they didn't prioritize their health. And 28% said they didn't have a good work/life balance in their working years.
When asked what advice they would give regarding retirement, 67% said advised starting retirement savings as early as possible, 19% advised prioritizing experiences over material possessions, and 14% advised finding a fulfilling work/life balance.
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