Millions are already in the midst of inventing a new stage of life and work – the encore years – between the end of midlife and anything resembling old-fashioned retirement. We're envisioning this chapter as a time when we make some of our most important contributions, for ourselves, for our world, for the well-being of future generations.
Growing percentages of those nearing retirement age express a desire to work beyond age 65. Whether for financial reasons or because they want to stay challenged, they plan to continue drawing a paycheck. But the percentage of retirees who say they have been able to continue working for pay is far lower.
Perceived Savings Needs Outpace Reality for Many: One reason that retirement confidence has remained low despite a brightening economic outlook may be that some workers may be waking up to a realization of just how much they may need to save.
Are Americans Prepared for Their Golden Years? This report explores how the Great Recession affected the wealth and retirement security of baby boomers relative to younger and older age groups. It also explores the retirement security of each group by calculating replacement rates, or the extent to which retirees can use their accumulated wealth and savings to replace preretirement income. This research reveals that younger age groups face the greatest prospect of downward mobility in their golden years.
The 16 week series is a free, online retirement planning book, written by Steve Vernon, an actuary with 35+ years of experience working with retirement plans.
An effective phased retirement plan has been a long-sought goal. However, under prior law, the problem was that an individual who was retirement eligible but wished to continue employment on a part-time basis generally had little economic incentive to do so because an employee's potential retirement benefits would often be equal to or greater than his or her salary would be for part-time employment.
“In the U.S., the economy has been rough since 2008,” said John DeHart, co-founder and chief executive of Nurse Next Door. “You have a lot of seasoned executives getting packages, and they’re looking for new careers. And you have this disproportionately high unemployment in the under-25 group. With that you get the dad/grad trend.”
Million Hearts is a national initiative to prevent 1 million heart attacks and strokes by 2017.
I can start collecting Social Security Benefits any time from age 62 to 70. The earlier I take them, the less my benefit will be, so there is some strategy to deciding when to pull the trigger. I want to figure out the ideal time to do it, and I'm also curious how much money I would have had to save up to provide the same stream of income that Social Security will provide. So I did a little calculating to see how much difference it makes.