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Any financial advisor will tell you it pays to retire later. But most Americans don’t even make it to age 65 before they leave the workforce.
That’s according to a new study by the Transamerica Center for Retirement Studies, which found that 59% of U.S. retirees stopped working before turning 65. In fact, the median age of retirement was 62.
Nathan Place is a national reporter at American Banker. A native of New York City, he has worked for more than a decade in both print and video journalism. He got his start in Beijing, where he … Read full bio
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U.S. workers say retirement is getting harder to afford, raising questions about how organizations can help workers save, understand their benefits, and plan ahead.
Transamerica Institute finds more middle-class workers expect to fund retirement through 401(k)s and other savings, but financial pressures could derail those plans.
New NFP research finds 72% of workers are behind on retirement as rising costs, competing priorities, and financial stress make saving harder.
A new TIAA study finds many retired workers wish they had saved sooner, planned for healthcare costs, and prepared for career disruptions that delayed or reshaped retirement.
A new Schroders survey reveals how everyday financial pressures are reshaping retirement decisions, from reduced contributions to increased plan loans.
