Poll: Bostonians plan to retire 2 years later than national average

January 3, 2007 01:01 PM E-mail| |Comments ()| Text size +

People in Boston plan to retire nearly two years later than their national counterparts, at age 63.7 versus age 62, according to a poll commissioned by the US Treasury Department.

While 36 percent of current retirees in the Boston area said that all or most of their retirement income comes from Social Security, the poll showed that only 18 percent of local baby boomers expect to be as dependent on Social Security when they retire as current retirees.

The Treasury sponsored the poll to promote its Go Direct campaign, which encourages people about to retire to choose direct deposit when they start collecting Social Security benefits.

Speaking about direct deposit of Social Security benefits, Treasury Fiscal Assistant Secretary Donald Hammond said in a statement, "There are significant benefits, in terms of safety and security, for the recipients and considerable cost savings for American taxpayers."

For more information, visit Go Direct. (By Chris Reidy, Globe staff)

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