Gallup: Most U.S. Employed Adults Plan To Work Past Retirement Age

Nearly two-thirds of American workers say they plan to work past retirement age, but on a part-time basis, according to Gallup’s Economy and Personal Finance survey, conducted April 5-9. However, fewer Americans said they will work full-time and more of them said they will stop working altogether. When the same survey was conducted in 2011, … more Gallup: Most U.S. Employed Adults Plan To Work Past Retirement Age

Combating Isolation and Loneliness

The Senate Select Committee on Aging held a hearing on April 27 that examined the consequences of isolation and loneliness among America’s aging population and explored programs and resources for at-risk adults. “The consequences of isolation and loneliness are severe: negative health outcomes, higher health care costs and even death. The root problem is one … more Combating Isolation and Loneliness

Fixing America’s Broken Retirement System

When nearly half of all Americans don’t participate in a retirement plan, and many Americans who do have 401(k)s have depleted their savings because of emergencies, now is the time to take a fresh look at new strategies for improving access to America’s retirement system, according to Michael Molinski, a New York-based economist. Molinski contributed … more Fixing America’s Broken Retirement System

Home Equity Grows by $170.7 Billion for Older Homeowners

Home equity levels for homeowners aged 62 and older grew by 2.8 percent in the fourth quarter of 2016 to $170.7 billion, boosting their total housing wealth to $6.2 trillion. The growth in home equity, coupled with a 2.4 percent increase in home values for the same age group, drove the NRMLA/RiskSpan Reverse Mortgage Market … more Home Equity Grows by $170.7 Billion for Older Homeowners

Research Analyses Low Usage of Home Equity Among Retirees

New research from the National Council on Aging and a new Issue in Brief published by the Center for Retirement Research at Boston College show that limited awareness and knowledge of home equity tools contribute to the low take-up of financial products, such as reverse mortgages. Conducted over eight months, NCOA’s research – funded by … more Research Analyses Low Usage of Home Equity Among Retirees

Less than 20 Percent of Americans “Very Confident” About Retirement Savings

Six out of 10 American workers feel very or somewhat confident about having enough money for a comfortable retirement, though just 18 percent feel very confident, according to the 2017 Retirement Confidence Survey by the nonpartisan Employee Benefit Research Institute and Greenwald & Associates. The survey also suggests that many American workers are stressed about … more Less than 20 Percent of Americans “Very Confident” About Retirement Savings

401(k) Plans Providing Less Retirement Income

A new Issue In Brief published by the Center for Retirement Research at Boston College, titled How Has the Shift to 401(k) Plans Affected Retirement Income, finds that employer-sponsored defined contribution plans are providing less income today than in the past. Although theoretical calculations show that participants in 401(k) and other defined contribution plans who … more 401(k) Plans Providing Less Retirement Income

Divorce Rates Climb for America’s 50+ Population

While divorce is less common for younger adults, so-called “gray divorce” is on the rise among U.S. adults aged 50 and older, with the divorce rate doubling since the 1990s, according to new article published by the Pew Research Center, titled Led by Baby Boomers, divorce rates climb for America’s 50+ population. Analyst Renee Stepler … more Divorce Rates Climb for America’s 50+ Population

Pre-Retirees Overly-Optimistic About How Much They Can Withdraw in Retirement

When Fidelity Investments recently asked just over 1,000 pre-retirees what percentage of savings financial experts suggest they should withdraw annually in retirement, 19 percent said the recommended figure was seven percent to nine percent a year. That’s an amount most retirement experts would agree puts them at high risk of outliving their nest egg, according … more Pre-Retirees Overly-Optimistic About How Much They Can Withdraw in Retirement

Boston College: 20 Percent of Americans Perceive Incorrectly That They Are Prepared for Retirement

A new Issue in Brief published by the Center for Retirement Research at Boston College this week examined whether households identified in the National Retirement Risk Index as being “at risk” recognize their situation. According to the analysis, Do Households Have a Good Sense of Their Retirement Preparedness?, almost 60 percent of American households believe … more Boston College: 20 Percent of Americans Perceive Incorrectly That They Are Prepared for Retirement