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Tag: retirement calculators
Sobering Solutions for an Aging Population
The National Research Council along with three other groups released a sobering report about aging earlier this fall. In the coming decades, the ratio of people aged 65+ to people aged 20-64 will rise by 80%. The resulting demographic shift will present the nation with economic challenges, both to absorb...
Some Boomers Set, Others Not for Retirement
Olivia Mitchell, a professor at the Wharton School of the University of Pennsylvania and executive director of the Pension Research Council says äóìboomers are not all created equal.äó According to Mitchell, many older boomers still have a defined benefit pension plan, probably some decent retiree medical insurance and Social Security....
Many Lost When It Comes to Financial Planning for Retirement
Nearly 60% of Americans over the age of 50 are worried about the costs of long-term care, while only 16% feel prepared financially, according to a recent study by Sun Life Financial and conducted by Kelton Research.æ Bob Klein, Sun Life’s vice president of Strategic Planning and Linked Benefits says...