Retirement

/Tag: Retirement

Partially Privatizing Social Security Sounds Great, but Offers 2 Big Drawbacks

Few social programs bear as much importance to the financial well-being of older Americans as Social Security. Despite the average retired worker payout being only $1,417.22 a month in September 2018, the program is responsible for keeping 15.3 million retirees out of poverty. Furthermore, more than three out of five of today's aged beneficiaries lean

Middle Class Workers May Struggle to Stay Afloat in Retirement

The Schwartz Center for Economic Policy Analysis at the New School estimates that roughly 40 percent of Americans, or two out of every five who are currently considered middle-class based on their income, will fall into poverty or near poverty by the time they reach 65. The authors of the study defined middle class as an individual

Retirement, deferred: Workers — and companies — grapple with a new reality

Life after 65 is starting to look a lot more like life at … 64. The percentage of Americans working past the traditional retirement age hit new highs in the most recent jobs numbers, according to recent reports, with 19 percent of those 65 and older working at least part-time. And it's only expected to increase: The over-65 set is

We’ll Live to 100: Confronting the ‘Savings Gap’

A few generations ago, the average global life expectancy at birth was only 34 years. Today, thanks to falling poverty rates and expanding global wealth, the average life expectancy has more than doubled to 71—meaning roughly half of the babies born in the developed world in 2017 are expected to live past 100. That individuals

Americans Get an ‘F’ on Retirement Planning

When it comes to Retirement 101, Americans are getting an “F.” According to a study by The American College of Financial Services, three in four retirement-aged adults failed a quiz on ways to make their nest eggs last through retirement. Moreover, older Americans between the ages of 60 and 75 have trouble comprehending vital financial

Americans Get an ‘F’ on Retirement Planning

When it comes to retirement 101, Americans are getting an “F.” According to a study by the American College of Financial Services, three in four retirement-aged adults failed a quiz on ways to make their nest eggs last through retirement. Moreover, older Americans between the ages of 60 and 75 have trouble comprehending vital financial