As Generation X and Y are coping with the idea that retirement age could be increasing to an unknown age, other avenues are being suggested as to when retirement is appropriate. Ideally, if you have saved all that you want to save for retirement, why not just stop working? A recent study by Harris Interactive [...]
Today, American workers are fully prepared to delay retirement and stay in the workforce to continue saving money. Bloomberg highlights a recent survey from Wells Fargo & Co, where 76 percent of respondents said it was” more important to reach a specific dollar amount before retiring,” compared to 20% who said “it’s more important to [...]
With the economy still struggling to recover from the worst recession in decades, most Americans have their hands full just maintaining their current level of income. Greater challenges could be just around the corner, however, as a recent Sun Life survey found that Americans’ outlook on retirement security has plummeted over the last year, during [...]
Boomers seem to have their eyes wide open about the financial challenges in retirement, but are they really facing reality? Susan Reimer, a boomber herself, is concerned that baby boomers remain in denial about what their retirement will really be like. In her latest Baltimore Sun column, she says, “We are incredibly optimistic about what [...]
With baby boomers facing great retirement shortfalls, older workers delaying retirement and savings accounts becoming ATMs for everyday expenses, the solution to the retirement crisis would be welcome news right now. How can we solve the retirement crisis affecting so many Americans? Seasoned economist Alicia Munnell, head of the Center for Retirement Research at Boston [...]
By this point, it isn’t exactly news to anyone that saving for retirement can easily be derailed. As we’ve reported in the past, temporarily leaving the workforce, unanticipated medical expenses, funding college for the kids and other unexpected expenses often cause us to stop contributing to our retirement funds. But once you get back into [...]
As we have reported many times before, delaying retirement is the new norm for many older Americans. Let’s take a look at some of the recent stories in the news and see what is forcing workers to stay on the job and continue saving. The Huffington Post featured a piece discussing the need to put [...]
As we’ve told you in the past, there is a growing trend among older Americans: delaying retirement to continue working. In fact, the Bureau of Labor Statistics reports that 29 percent of those ages 65 to 69 are currently employed. Moreover, 17.5 percent of those ages 70 to 74 are still working. And as we [...]
