WealthManagement Magazine

Retiring From the Rough

Lovers of the links are in danger of slicing their nest eggs into the drink, according to a recent survey. Columbus-based Nationwide Financial Services found in a recent study that while golfers have saved nearly 75 percent more than nongolfers, it's still not enough to continue their golfing lifestyle through retirement. The average golfer saved $289,000 but it takes $1.3 million to cover the golf

Lovers of the links are in danger of slicing their nest eggs into the drink, according to a recent survey.

Columbus-based Nationwide Financial Services found in a recent study that while golfers have saved nearly 75 percent more than nongolfers, it's still not enough to continue their “golfing lifestyle” through retirement.

The average golfer saved $289,000 but it takes $1.3 million to cover the golf addicts' costs, including club membership fees and living in close proximity to a golfing community, says the report

The cheeky respondents said they'd rather win the Masters than make up their $1 million retirement savings deficit for free. Additionally, 85 percent of golfers knew what they shot in their last round of golf, 75 percent knew what their handicap was, but only about 50 percent knew the current value of their investment portfolio.

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