Sentences with phrase «because early retirees»
That's because early retirees, though their monthly benefits are less, are receiving those reduced benefits over a longer period.
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Despite the permanent reduction, however, many retirees start benefits at the earliest opportunity, either because they don't understand their options or to make ends meet.
Often people want to continue working until later in life, but the survey found that 50 % of retirees left the workforce earlier than planned, and of those, 60 % left because of health or disability problems and 27 % because changes in their company such as downsizing or closure.
Nearly seven in ten (69 %) of middle - income retirees would have liked to have stayed longer in their old careers, but had to leave earlier than they planned for «reasons beyond their control,» the report says — most commonly because of health problems (39 %), being laid off (19 %), or to care for a loved one (9 %).
And so, his observation, and this is looking at real data about retirees, is that the early retiree years, so just after you retire at 65 or whenever that might be, tend to be the higher spending years in many retirees» plans; and that is because maybe they have pent up demand to do stuff with their money — whether it's travel or other leisure activities.
Only 7 % of retirees were able to retire early because of good planning.
This request comes as the County is still calculating savings from early retirees, who are not required to state their intention to retire until early October, the fact that County Executive Picente is looking to work with unions to freeze wages for this coming year, and because of the need to plan for appropriate job losses in the event that the wage freeze proposal is not accepted.
Second, retirees claim Social Security early because they believe they can earn a higher return by taking benefits early and investing the money.
Almost one in four current retirees did so earlier than expected because of circumstances under which they had no control, such as ill health or corporate downsizings.
New retirees in the 1990s may have not saved enough or retired early because an outstanding market performance may have brought them to their traditional wealth accumulation goals earlier than expected, when the reality is that they may end up needing more than expected to fund their retirements.
Prior to January 1, 2014, when guaranteed issue of insurance coverage, elimination of preexisting condition exclusions, and several other critical ACA protections took effect for individual health insurance coverage, early retirees between ages 55 and 64 often faced difficulties obtaining insurance in the individual market because of age or chronic conditions that made coverage unaffordable or inaccessible.