New study: “How Do Non-Financial Factors Affect Retirement Decisions?”

The Center for Retirement Research at Boston College has released a new Issue in Brief:

“How Do Non-Financial Factors Affect Retirement Decisions?” by Steven A. Sass The brief’s key findings are: Studies show that financial factors have a statistically significant, but small, impact on retirement decisions. So it is not surprising that non-financial factors have a major influence on those who choose to work into their late 60s or 70s. When workers retire, they are often being pulled by a desire for other activities rather than pushed by a dislike of work. This brief is available here.