Most of us look forward to retirement as a time to shift gears, worry less, and enjoy a slower pace of life. But that rosy picture can quickly change and include some sticker shock as retirement nears, especially when it comes to paying for health care. A couple retiring in 2013 is expected to need $220,000 to cover health care cost in retirement.
Change is a part of life. Life Reimagined has been created to help you navigate change no matter what situation you find yourself in. We'll help you take the mystery out of change and discover your path to new possibilities.
If you’re an experienced professional hoping to enter (or stay in) a youth-centric industry, here's how. Be youthful when it counts. Go ahead and play the age card.Breaking into a youth-centric company, industry or market is neither simple nor straightforward. You have to acknowledge what the emphasis on youth signifies and raise that part of your game. You have to play your experience card too, because that also gives you value. And you have to keep plugging away and expanding your connections because your point of entry will not be obvious.
I recently asked a retired friend how he liked retirement, and he said "I'm not bored yet". I thought that was such an odd way to put it. But after talking to others that have been retired a while it seems to be a recurring theme. There is a lot of time to fill and many people seem to be having trouble keeping busy.
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.