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Retirement Demographics

Boomers’ Golden Years Don’t Glitter As Brightly

November 23, 2008 - Rather than looking forward to globe-trotting or golf, pre-retirees worldwide now worry about meeting daily expenses during retirement, a new survey by The Hartford shows.

“Fiddling” With U.S. Retirement Policy Not Enough—Legislator

November 2, 2008 - George Miller (D-Calif.) calls for a re-examination and possible overhaul of defined contribution plans, Pensions & Investments reported.

Many Near-Retirees Will Take Social Security at Age 62

November 2, 2008 - About 73% of those intending to draw benefits at age 62 had no formal retirement income plan.

Social Security Recipients To Get A Raise in 2009

October 19, 2008 - The average single retiree’s benefit check will rise by $63 and the average couple’s by $103 a month.

NAVA Members Expect Consumers to Grow More Cautious

October 8, 2008 - Ninety-nine percent of those surveyed at annual conference believed that most retirement-minded Americans will react to the financial crisis by moving money into “safer” investments.

Sun Life’s New Index Tracks Longer Work Lives

October 5, 2008 - The finding that 48% of the U.S. workforce is expected to work past age 67 persists across all income, gender and age demographics, the 'Unretirement Index' shows.

Economy Is Worst They’ve Seen, Say Americans Over Age 60

September 20, 2008 - But older Americans haven’t rushed to withdraw retirement funds, according to a new poll from the MetLife Mature Market Institute.

Many Baby Boomer Executives Unprepared For Retirement

September 20, 2008 - MullinTBG named five common mistakes executive Baby Boomers should avoid if they wish to maintain their current standard of living in retirement.

Canadians Fretful About Retirement

September 14, 2008 - Nearly 30% of Canadians nearing retirement are not confident they have saved enough to maintain their standard of living once they leave the workforce.

Zero Savings Rate in America? What About That $17.6 Trillion?

September 7, 2008 - Americans, who on average sport a close-to-zero savings rate, had aggregated tax-deferred retirement savings of $17.6 trillion in 2007.

Young Job-Changers Are Cashing Out of 401(k) Plans

September 1, 2008 - A survey of 1,200 adults aged 20 to 40 found that 56% of them cashed out their workplace saving plans when they switched jobs.

GAO Cautions Against Proposed PBGC Investment Strategy

August 24, 2008 - The U.S. Government Accounting Office said the new strategy “allocates significant portions of the portfolio to volatile or illiquid assets.”

Plan Contributions Hold Steady Despite Market Turmoil

August 16, 2008 - In the first half of 2008, Americans continued to add to their retirement plans despite the ongoing market turmoil, Fidelity has found.

Many Americans Unaware They Lack Sufficient Savings

August 16, 2008 - More than 40% of the American households that are likely to be financially unprepared for retirement don’t know it, says the Center for Retirement Research at Boston College.

Study: Americans Use 401(k) Plans To Make Ends Meet

July 27, 2008 - The study, “Robbing Tomorrow to Pay for Today,” was produced by The Center for American Progress, a liberal think tank.