We’ve had a few conversations lately with clients on the edge of retirement or having recently crossed over to the other side. A few articles this week shed light on several key issues.
The Average Retirement Age—An Update. Today’s average retirement ages of 64 for men and 62 for women are about the same as a decade ago. Labor force participation gradually increased since the mid-1980’s, but now has leveled off. The earlier drivers of working longer are no longer having a substantial impact. Yet, working longer is the key to a secure retirement, especially when you consider Social Security benefits at age 70 are 76% greater than at age 62, according to the Boston College Center for Retirement Research. Click here to read the full article
A Guide to Not Retiring. Some people nearing retirement age simply don’t want to leave their jobs. But defying expectations can be difficult—in the office and at home. This article from The Wall Street Journal is a guide to help those approaching traditional retirement age—about whether staying in their current job or career path is right for them. Click here to read the full article
Retirement in a Community, but Which One? A large number of people re-locate to another community upon retirement. Choosing where to live could be the single most important and difficult decision retirees will make. Key advice: “Know Yourself”. For things to look for, check out this article from The New York Times. Click here to read the full article
Social Security’s Rules Ripping off Recipients. A Social Security expert suggests high-income clients who fail to plan do so at their peril. He also suggests to never ask the Social Security Administration for advice. Click here to read the full article
We hope you enjoy reading these articles along with us and that you find them informative. Please forward this to your friends and family.
J. Mark Nickell & Co.
Disclosure – The articles mentioned in This Week with J. Mark Nickell & Co. are for information and educational purposes only. They represent a sample of the numerous articles that the firm reads each week to stay current on financial and economic topics. The articles are linked to websites separate from the J. Mark Nickell & Co. website. The opinions expressed in these articles are the opinions of the author and not J. Mark Nickell & Co. This is not an offer to buy or sell any security. J. Mark Nickell & Co. is under no obligation to update any of the information in these articles. We cannot attest to the accuracy of the data in the articles.