Download or read book Reaching Retirement Age written by United States. Social Security Administration. Office of Research and Statistics and published by . This book was released on 1976 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Aging and the Macroeconomy written by National Research Council and published by National Academies Press. This book was released on 2013-01-10 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: The United States is in the midst of a major demographic shift. In the coming decades, people aged 65 and over will make up an increasingly large percentage of the population: The ratio of people aged 65+ to people aged 20-64 will rise by 80%. This shift is happening for two reasons: people are living longer, and many couples are choosing to have fewer children and to have those children somewhat later in life. The resulting demographic shift will present the nation with economic challenges, both to absorb the costs and to leverage the benefits of an aging population. Aging and the Macroeconomy: Long-Term Implications of an Older Population presents the fundamental factors driving the aging of the U.S. population, as well as its societal implications and likely long-term macroeconomic effects in a global context. The report finds that, while population aging does not pose an insurmountable challenge to the nation, it is imperative that sensible policies are implemented soon to allow companies and households to respond. It offers four practical approaches for preparing resources to support the future consumption of households and for adapting to the new economic landscape.
Download or read book Aging in Asia written by National Research Council and published by National Academies Press. This book was released on 2012-07-31 with total page 486 pages. Available in PDF, EPUB and Kindle. Book excerpt: The population of Asia is growing both larger and older. Demographically the most important continent on the world, Asia's population, currently estimated to be 4.2 billion, is expected to increase to about 5.9 billion by 2050. Rapid declines in fertility, together with rising life expectancy, are altering the age structure of the population so that in 2050, for the first time in history, there will be roughly as many people in Asia over the age of 65 as under the age of 15. It is against this backdrop that the Division of Behavioral and Social Research at the U.S. National Institute on Aging (NIA) asked the National Research Council (NRC), through the Committee on Population, to undertake a project on advancing behavioral and social research on aging in Asia. Aging in Asia: Findings from New and Emerging Data Initiatives is a peer-reviewed collection of papers from China, India, Indonesia, Japan, and Thailand that were presented at two conferences organized in conjunction with the Chinese Academy of Sciences, Indian National Science Academy, Indonesian Academy of Sciences, and Science Council of Japan; the first conference was hosted by the Chinese Academy of Social Sciences in Beijing, and the second conference was hosted by the Indian National Science Academy in New Delhi. The papers in the volume highlight the contributions from new and emerging data initiatives in the region and cover subject areas such as economic growth, labor markets, and consumption; family roles and responsibilities; and labor markets and consumption.
Download or read book Social Security Medicare and Pensions written by J. L. Matthews and published by NOLO. This book was released on 1999 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt: Covers retirement, disability, survivor and health care benefits.
Download or read book Who is 62 Enough written by Janice Ann Olson and published by . This book was released on 1999 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A New Deal for Old Age written by Anne L. Alstott and published by Harvard University Press. This book was released on 2016-03-08 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Changes in longevity, marriage, and the workplace have undermined Social Security, making the experience of old age increasingly unequal. Anne Alstott’s pragmatic, progressive revision would permit all Americans to retire between 62 and 76 but would provide generous early retirement benefits for workers with low wages or physically demanding jobs.
Download or read book The Charles Schwab Guide to Finances After Fifty written by Carrie Schwab-Pomerantz and published by Crown Currency. This book was released on 2014-04-01 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: Here at last are the hard-to-find answers to the dizzying array of financial questions plaguing those who are age fifty and older. The financial world is more complex than ever, and people are struggling to make sense of it all. If you’re like most people moving into the phase of life where protecting—as well as growing-- assets is paramount, you’re faced with a number of financial puzzles. Maybe you’re struggling to get your kids through college without drawing down your life’s savings. Perhaps you sense your nest egg is at risk and want to move into safer investments. Maybe you’re contemplating downsizing to a smaller home, but aren’t sure of the financial implications. Possibly, medical expenses have become a bigger drain than you expected and you need help assessing options. Perhaps you’ll shortly be eligible for social security but want to optimize when and how to take it. Whatever your specific financial issue, one thing is certain—your range of choices is vast. As the financial world becomes increasingly complex, what you need is deeply researched advice from professionals whose credentials are impeccable and who prize clarity and straightforwardness over financial mumbo-jumbo. Carrie Schwab-Pomerantz and the Schwab team have been helping clients tackle their toughest money issues for decades. Through Carrie’s popular “Ask Carrie” columns, her leadership of the Charles Schwab Foundation, and her work across party lines through two White House administrations and with the President’s Advisory Council on Financial Capability, she has become one of America’s most trusted sources for financial advice. Here, Carrie will not only answer all the questions that keep you up at night, she’ll provide answers to many questions you haven’t considered but should.
Download or read book Social Security written by and published by . This book was released on 2001 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Growing Older in America written by and published by . This book was released on 2007 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Social Security Claiming Guide written by Steven Sass and published by . This book was released on 2010-01-01 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Favorable Determination Letter written by United States. Internal Revenue Service and published by . This book was released on 1998 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Retirement Decisions written by United States. Government Accountability Office and published by Nova Science Pub Incorporated. This book was released on 2008 with total page 87 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first wave of the 78 million member baby boom generation is now reaching retirement age. The number of people age 62, the earliest age of eligibility for Social Security retired worker benefits, is expected to be 21 percent higher in 2009 than in 2008. In addition, by 2030, the number of workers supporting each retiree is projected to be 2.2, down from 3.3 in 2006. This demographic shift poses challenges to the economy, federal tax revenues, the nation's old-age programs, and individuals' financial security in retirement. For those who are able to work longer, later retirement can strengthen the economy and also retiree incomes by postponing the time at which people will start drawing retirement benefits rather than working. A wide range of factors including the features of employers' benefit plans, personal finances, social norms, health, and individual attitudes influence workers' decisions about when to retire. Federal policies may also play a role: these include Social Security, Medicare, and tax policies related to certain private retiree health and defined benefit (DB) and defined contribution (DC) pension plans.1 Identifying both the incentives posed by these policies and the extent to which workers respond to them can help to inform policy makers as they consider ways to address the demographic challenges facing the nation. To determine the extent to which federal policiesdirectly and indirectly-pose incentives and are influencing individuals decisions about the age at which they retire, the authors have pursued the following questions: (1) What incentives do federal policies provide about when to retire? (2) What are the recent retirement patterns, and is there evidence that recent changes in Social Security requirements have resulted in later retirements? (3) Is there evidence that tax-favored private retiree health insurance and pension benefits have influenced when people retire? This is a revised and excerpted version.
Download or read book Why You Will Never Be Able To Retire And The True Cost Of Retirement The Issues Associated With Reaching The Retirement Age That Older Workers Face And How To Make Money To Start Financing Your Retirement Goals written by Dr Harrison Sachs and published by . This book was released on 2020-02-25 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: This essay sheds light on why you will never be able to retire, the true cost of retirement, and the issues associated with reaching the retirement age that older workers face. Moreover, how how to make money to start financing your retirement goals. Much to the dismay of the average person, older worker, and even the ever aging Millennial, the illusion of retirement, even years after reaching the retirement age, is relegated to being an unblossomed pipe dream and is anything but a viable reality for most. The crux of the issue as to why you will never be able to retire in this simulated reality is that you simply have not earned the wealth nor income streams needed to sustain yourself without working amid the retirement years. The average ever rising retirement costs is no less than $5,000 per month or $60,000 per year. The costs to live in a shoe box assisted living apartment is at least $4,000 per month without factoring in all the other expenses the retiree has to pay to sustain themself. Moreover, the costs to live in a small private room in a nursing home for a retiree is at least $7,000 per month without factoring in all the other expenses that he has to pay just to sustain himself. Being eligible to even receive an infinitesimal amount of the money back that you paid into social security over the years is arduous and conditional. Furthermore, not everyone meets the requirements to be able to receive social security benefits, even if they contributed tens of thousands of dollars into the program over the years they worked. "As you can only earn a maximum of four credits per year, it takes a minimum of 10 working years to be able to qualify for Social Security benefits. As this credit limit applies to all, regardless of income, those who have very large incomes are not able to take advantage of benefits any earlier than those with more-meager earnings" ("What are social," 2019). Not all workers have accrued the requisite 40 credits throughout their working years that are necessary to quality for social security benefits. In order to comfortably sustain yourself past the retirement age, the more conservative financial adviser would recommend that you need close to 20 million dollars saved up before you reach the retirement age due to the exorbitant cost of living and infinitesimal annual percentage yield that money markets offer. Even less conservative financial advisers would advise that you need at least $10,000 per month or $120,000 per year from passive income streams during retirement age to somewhat comfortably sustain yourself when you account for the exorbitant costs of taxation and living. In other words, the costs of living during retirement age, especially with an ailing vessel, is eminently unaffordable for most and retirees are almost always subsidized by their younger counterparts who pay into medicare and social security while receiving no benefit in return for subsidizing the expenses of their elders at the cost of their own wealth, time, happiness, and futures. If retirees did not receive all these subsidizes from the youth subsidizing their expenses, mainly in the forms of medicare benefits, irrespective of how neglectful they have been over the years towards taking care of their health, then their out of pocket cost of living expenses and medical expenses could easily be at least $20,000 per month or $240,000 per year. Due to the exorbitant ever increasing cost of living, enormous tax rates, and abysmal job prospects that do not even pay a sustenance wage, the cost of retirement is eminently cost prohibitive for almost all Millennials, even those who work multiple jobs. Moreover, it is highly unlikely that Millennials will ever have the opportunity to even semi-retire, even past one hundred years of age. In others words, Millennials will need to work in perpetuity in this simulated reality just to be able to possibly afford to lease a small room from a subtenant and buy some low quality, inorganic food.
Download or read book Planning for Individuals Nearing Retirement Age written by and published by . This book was released on 2006 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Brookings Papers on Economic Activity Spring 2017 written by Janice Eberly and published by Brookings Institution Press. This book was released on 2017-10-10 with total page 175 pages. Available in PDF, EPUB and Kindle. Book excerpt: Brookings Papers on Economic Activity (BPEA) provides academic and business economists, government officials, and members of the financial and business communities with timely research on current economic issues.
Download or read book Future Directions for the Demography of Aging written by National Academies of Sciences, Engineering, and Medicine and published by National Academies Press. This book was released on 2018-07-21 with total page 409 pages. Available in PDF, EPUB and Kindle. Book excerpt: Almost 25 years have passed since the Demography of Aging (1994) was published by the National Research Council. Future Directions for the Demography of Aging is, in many ways, the successor to that original volume. The Division of Behavioral and Social Research at the National Institute on Aging (NIA) asked the National Academies of Sciences, Engineering, and Medicine to produce an authoritative guide to new directions in demography of aging. The papers published in this report were originally presented and discussed at a public workshop held in Washington, D.C., August 17-18, 2017. The workshop discussion made evident that major new advances had been made in the last two decades, but also that new trends and research directions have emerged that call for innovative conceptual, design, and measurement approaches. The report reviews these recent trends and also discusses future directions for research on a range of topics that are central to current research in the demography of aging. Looking back over the past two decades of demography of aging research shows remarkable advances in our understanding of the health and well-being of the older population. Equally exciting is that this report sets the stage for the next two decades of innovative researchâ€"a period of rapid growth in the older American population.
Download or read book Rescuing Retirement written by Teresa Ghilarducci and published by Columbia Business School Publi. This book was released on 2018 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Rescuing Retirement, Teresa Ghilarducci and Tony James offer a comprehensive yet simple plan to help workers save for retirement, increase retirement savings by earning higher returns, and guarantee lifelong income for everyone. It offers a practical guide to the future of secure retirement.
