Seeking a softer retirement landing

Submitted on Sun, 09/01/2013 - 1:25 am
Fifty Plus Advocates
There is an oft-told story about what happens when a worker at the Stanley Consultants engineering firm decides to retire. “They say you have the retirement party one day and you come back to work the next,” said Mary Jo Finchum, spokeswoman for the Muscatine, Iowa-based company. Stanley is among the U.S. employers that have offered workers a softer landing into retirement, allowing them to scale back hours as they prepare to take the plunge and move into part-time positions once it’s official.

Many boomers delay retirement, take on more work

Submitted on Sun, 07/28/2013 - 5:10 pm
Kane County Chronicle

But for other baby boomers, retirement is no longer a magical day on which they will stop working, get a gold watch and live a life of leisure, said Catherine Collinson, president of the Transamerica Center for Retirement Studies. More than 60 percent plan to work past age 65 or not retire, she said. “It’s not their parents’ retirement,” Collinson said. “Baby boomers plan and expect to work longer, delay retirement and transition into retirement in a way that involves at least working part time.” The majority of baby boomers, Collinson said, are delaying retirement out of necessity.

The 80% Assumption, Maybe Not

Submitted on Sun, 07/28/2013 - 8:50 am

Planning for retirement is usually over-simplified and full of bad assumptions, like this one: "Assume you will need 70%-80% of what you earned pre-retirement." Well you won't be sending your children through college and maybe you will have your mortgage paid off. And you won't have commuting costs, or still be trying to save for retirement. But on the other hand you will have much higher medical expenses, you may be sending your grandchildren through college, you may be providing financial assistance to your children or your parents.

A crisis for the very old: They're outliving their assets

Submitted on Sun, 07/28/2013 - 8:27 am
latimes.com

Economist James Poterba of MIT put it all together with colleagues at Dartmouth and Harvard's Kennedy School and estimated that about 46% of Americans die with less than $10,000 in assets, many of them lacking even home equity and relying almost entirely on Social Security. The results can be measured in more than merely dollars and cents. Poterba's paper found that this group is "disproportionately in poor health," in part because they have no resources to cover medical expenses outside Medicare.

Doing Good is Good for You

Submitted on Sun, 07/21/2013 - 8:12 am
United Health

The study reveals that U.S. adults who volunteer report that they feel better, both physically and emotionally than adults who do not volunteer. Volunteers are more likely than non-volunteers to socialize and they do so more frequently. Most tell us that they have developed new friendships as a result of volunteering.

Understanding Early Withdrawals from Retirement Accounts

Submitted on Sun, 07/21/2013 - 7:50 am
Urban.org

One reason many people are financially unprepared for retirement is that they tap into their retirement savings before they retire. They tap it when they lose their jobs, or at the onset of poor health, or to pay for a new home. A large percentage cash out retirement savings when they change jobs instead of rolling it over.

Later retirement helps prevent dementia, French study finds

Submitted on Sun, 07/21/2013 - 6:45 am
theTelegraph

It's by far the largest study to look at this, and researchers say the conclusion makes sense. Working tends to keep people physically active, socially connected and mentally challenged - all things known to help prevent mental decline. "For each additional year of work, the risk of getting dementia is reduced by 3.2 per cent," said Carole Dufouil, a scientist at INSERM, the French government's health research agency.