A third (33 per cent) of Americans nearing retirement say they’re already drawing down their social security benefits, according to a survey by Allspring Global Investments. The survey, which polled more than 1,500 near-retirees and more than 1,200 retirees, found one in four retirees said they retired early due to job loss or a health […]
Workplace pension plans alone aren’t providing adequate retirement income for U.S. government employees, according to a new report by the National Institute on Retirement Security and Aon. It found U.S. state and local employees in a typical public defined benefit pension plan need to save roughly four to six per cent of their salary on their […]
Defined contribution pension plan members nearing retirement may need their employers’ help to achieve financial security during an era of low interest rates and increased inflation, according to a new report by the U.S.-based Defined Contribution Institutional Investment Association. It found target-date funds are the dominant investment strategy in most DC plans, used by 80 […]
Two-fifths (41 per cent) of U.S. women say they expect to retire at age 70 or older or don’t plan to retire at all, according to a survey by the Harris Poll on behalf of the Transamerica Center for Retirement Studies. Among women who plan to work past age 65 or who don’t plan to retire, […]
Fewer than a third (29 per cent) of U.S. employees say they’re building a large enough retirement nest egg, according to a survey by non-profit organization Transamerica Center for Retirement Studies. The survey, which polled 5,800 workers, found 47 per cent of respondents expect to retire after age 65 or don’t plan to retire at […]
People often discuss the wealth gap between the top one per cent and the rest of the population, but measures of wealth inequality don’t consider social security retirement benefits. A new paper by Sylvain Catherine, an assistant professor of finance at the Wharton School of the University of Pennsylvania; Max Miller, a PhD candidate in […]
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