64 may seem light years away, but for the majority of baby boomers, their golden years are right around the corner. The question is, are they prepared? A new infographic featured on Business Insider s shines light on baby boomers, a population that accounts for nearly one-quarter of Americans. A few key highlights: As of [...]
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 [...]
Florida is known as the place where countless seniors go to spend their golden years. But recently, many who have done so are finding it more and more difficult to enjoy their retirement as planned. Because more seniors are living longer than expected, more retirees are facing the prospect of running out of retirement money [...]
The reasons vary – the 2008 collapse of the stock market, caring for an ailing parent, the bad housing market – but more and more the result is the same: Americans are delaying retirement. In fact, the Wall Street Journal reports, “more than three in five U.S. workers in their 50s and 60s plan on [...]
Given our nation’s turbulent economic situation, how are Americans ensuring the money they’ve saved will last? As NPR’s Kathy Lohr reports, some are working longer, seeking part-time jobs and even retiring to other countries where the cost of living is cheaper. She cites a recent AARP survey of 5,000 Americans who are 50 or older, [...]
A survey released this week by AARP, shows that Americans 55 and older are still worried about their retirement after the recent economic recession, as reported by Financial Advisor. The survey took the pulse of 5,027 men and women and they found that approximately 46 percent of those surveyed felt that they would be less [...]
Will your retirement plan protect you in the toughest of economic storms? Indeed, making smart decisions now can shield your retirement from even the most unpredictable economic meltdown. An interesting case study on this front comes from CBS Money Watch’s Steve Vernon, who writes how the smart decisions his parents made are still protecting his [...]
Indeed, the economic activity of the last week has incited a slew of bad memories from those who watched their retirement dissipate in 2008. With the Dow Jones Industrial Average closing down more than 500 points last Thursday, combined with the downgrade in the U.S. credit rating by Standard & Poor’s on Friday, it’s clear [...]
We’ve written a lot about how more and more Americans are delaying their retirement or getting part-time jobs, much to their chagrin, to ensure they don’t outlive retirement savings. But the Detroit Free Press is looking at a group of seniors who have happily stayed in the workforce. From 86 year-old school teacher James Allen [...]
