Word: retiree
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
These unsettling developments have forced many of today's retirees to return to work and have confronted the next generation--the baby boomers, turning 50 at the rate of 10,000 a day--with dire financial issues for the first time in their lives. Can they ever retire? If so, when? What kind of lifestyle will they be able to afford? A powerful set of trends will leave many of them unable to call it quits until after they turn 70--possibly long after...
Can you ever retire? Of course. Just as good times don't last forever, neither do bear markets. The economy is now recovering smartly. Your savings will start to grow again soon. But the game has changed.
So these days, how does one best prepare for life after work? Saving more earlier is the surest strategy. Nearly half of all households did not save a penny last year; revolving consumer debt over the past five years has soared 30%. The median savings for boomers at age 55...
...every retiree living well, there is another living in financial dread, according to a recent study for SunAmerica by retirement author Ken Dychtwald. He concludes that as boomers retire, the group living in dread is likely to expand. The study focuses on today's retirees, who at 65 have a life expectancy of 18 more years and climbing and who can expect to spend much of that time in good health...
“Nothing you learn as a fact about something important is going to stay a fact about something important by the time you retire,” he said.