BOSTON ( TheStreet) -- Set aside the rapid fire of all those studies saying you won't have enough to retire on. Beneath the fear and uncertainty there remain dreams, big and small, for how we envision our golden years.
While dreams aren't always grounded in reality, and a fixed-income lifestyle may not seem to offer much opportunity for living large, frugal talk often undercuts what people really want out of retirement.
A survey by MainStay Investments, the adviser distribution arm of New York Life Investments, found that 76% of more than 1,000 preretirees it surveyed were willing to sacrifice today -- working longer and saving more -- in their pursuit of enjoying the finer things once they retire.
Forty percent of the boomers surveyed said they will have to delay retirement to afford the lifestyle they want to live. Besides working longer, boomers -- in their pursuit of an ideal lifestyle -- are saving more, adjusting their portfolio allocations and seeking help from financial advisers -- in that order."An interesting pattern that we noticed throughout the research was that as consumers age, things that were once considered luxuries are more likely to be considered basic needs, thereby reaffirming that boomers essentially want it all," says Matthew Leung, director and head of practice management programs at MainStay. "In fact, almost half of