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The employment of older workers into their mid-60s will be critical to their ability to ensure a secure retirement. One … course, disrupt their retirement saving plans, and lead to premature retirement. This paper explores the relationship between …
Persistent link: https://www.econbiz.de/10005839328
As the baby boom cohort reaches retirement age, demographic pressures on public programs such as Social Security may …
Persistent link: https://www.econbiz.de/10005417701
As baby boomers near traditional retirement ages, many express an intent to work longer. But older workers often look … phased retirement — where an older full-time worker remains with the same employer and gradually reduces work hours — has … considerable appeal for employees. Phased retirement may help employers as well by allowing them to keep experienced and productive …
Persistent link: https://www.econbiz.de/10005273159
Today men on average retire at 63 and women at 62, and they can expect to spend 20 years in retirement. But if … Security will provide less relative to pre-retirement earnings as the normal retirement age rises from 65 to 67 and those lucky … enough to have a 401(k) plan are likely to find their balances inadequate. One solution to the retirement security challenge …
Persistent link: https://www.econbiz.de/10005627388
The federal Age Discrimination in Employment Act (ADEA) prohibits age-based discrimination against older workers through hiring, firing, layoffs, compensation and other conditions of employment. The law covers most workers age 40 and older in firms with 20 or more employees. The question is...
Persistent link: https://www.econbiz.de/10005627389
As part of the search for answers to questions about what could be done to increase labor force participation rates among older workers in the United States, it makes sense to take a close look at evidence from Japan, one of the few industrial countries with a higher labor force participation...
Persistent link: https://www.econbiz.de/10005627450
Financing retirement is one of the major challenges facing an aging U.S. population. If individuals continue to retire … in their early 60s, many will be hard pressed to maintain an adequate standard of living throughout retirement due to the … declining role of Social Security, the shift to 401(k) plans, and low personal saving rates. Combine the retirement income …
Persistent link: https://www.econbiz.de/10005839259
A crucial decision facing retirement savers is how to allocate their savings across broad investment classes, including …-border investing would have been advantageous to U.S. retirement savers in the past. The analysis is based on empirical evidence on … returns. The goal is to determine whether U.S. workers would have obtained higher expected retirement incomes, with smaller …
Persistent link: https://www.econbiz.de/10005839319
This paper estimates how much people actually receive in retirement relative to earnings before retirement when all … need between 70 and 75 percent of their pre-retirement earnings to maintain their life style once they stop working. The … objective of this study is to determine what people are actually receiving in retirement. Regardless of how retirement income …
Persistent link: https://www.econbiz.de/10005839341
little to increase retirement preparedness among lower-income groups. …
Persistent link: https://www.econbiz.de/10005417687