Those age 65 face uncertain financial future as Silver Tsunami looms [Video]

SAN ANTONIO – An estimated 4.1 million Americans are set to hit retirement age in 2024, in what some are calling the Silver Tsunami. But some may not be financially ready to retire, according to a study by Alliance for Lifetime income.

The study found many of them don’t have pensions, to help offset the gap that Social Security leaves behind.

A study by AARP found that gender, race and education play a big role in how financially ready those ready to retire are. White males have more assets than women and minorities and those with graduate degrees are better off than those with just a college degree or no high school diplomas.

Stephen Haney, 70, retired as a city worker a few years ago. He is enjoying retirement, although he says he wasn’t ready to retire when he did. He says it’s a big decision people should not take lightly.

“The key to …