Sentences with phrase «even at retirement age»

One might well expect (though many apparently didn't) that those differences of opinion would translate into very real differences in asset allocation, even at retirement age.

Not exact matches

They don't have a good grasp of the mechanics of retirement — even less than their elder co-workers had at the same age.

But at an age when most Canadians are thinking about retirement, you seem to be getting even more active in the business community, as a mentor and private investor to at least six up - and - coming companies.

Another benefit to the Roth IRA is that you can continue to contribute to the account at any age, even past retirement, as long as you are earning taxable income.

Only 31 percent knew that they should draw down no more than 4 percent of their assets a year in retirement — even though 65 percent expect to live to at least age 80.

If you wait until age 70, your check will be even greater than it would be at full retirement age.

Others may find that the required minimum distributions from their individual retirement account, which begin at age 70 1/2, are sufficiently sized to bump them back up into higher tax - rate territory — or even indirectly subject them to the new 3.8 percent Medicare surtax.

Even if you have never worked under Social Security, you may be able to get spouse's retirement benefits if you are at least 62 years of age and your spouse is receiving retirement or disability benefits.

thanks, and yes, a pittance of a pension and regular checkups keep us on budget and head off any problems — best decision i ever made (financial or otherwise) was serving our country doing search - and - rescue, oil and chemical spill remediation, etc. (you can guess the branch of service)-- along the way, frugal living, along with dollar - cost averaging, asset allocation, and diversification allowed us to retire early — Vanguard has been very good over the years, despite the Dot Bomb, 2002, and the recession (where we actually came out better with a modest but bargain retirement home purchase)... it's not easy building additional «legs» on a retirement platform, but now that we're here, cash, real estate, investments and insurance products, along with a small pension all help to avoid any real dependence on social security (we won't even need it at full retirement age)-- however, like nearly everybody, we're headed for Medicare in several years, albeit with a nice supplemental and pharmacy benefits — but our main concern is staying fit, active, and healthy!

In general, the lower - earning spouse, usually the wife, should collect benefits early at age 62 — even though they will be reduced by 25 % or more and subject to earnings limits — and the higher - earning spouse should wait until age 70 to collect the biggest retirement benefit.

The age at which you can receive full retirement benefits is already scheduled to increase to 67 for anyone born in 1960 or after, and it's likely to go even higher.

Even if you have never worked in your life, you can claim your spouse's retirement benefits if you are at least 62 years of age and your spouse is eligible to receive benefits.

If you need to tap your retirement funds early or apply for Social Security at 62, or before your full retirement age, or even at 70, that's okay.

Roughly 40 percent of city residents between the ages of 50 and 64 have less than $ 10,000 saved for retirement, even though a New Yorker would need to have saved $ 215,000 to live at poverty - level for a 15 - year retirement.

And with the mandatory retirement age set at 60 (or even younger) at many prominent research institutions, Japan's technical output is in danger.

Even if you have never worked under Social Security, you may be able to get spouse's retirement benefits if you are at least 62 years of age and your spouse is receiving retirement or disability benefits.

So if you're going to continue to work past full retirement age, even if you decide to collect your benefit at 66, let's say, I collect my benefit at 66, but I'm young, spry, and I still want to work for another 10 years.

This means that if retirement sneaks up on us even at the traditional age of 65, we may be caught unprepared.

Even though Prime Minisiter Justin Trudeau just redialed CPP payouts to age 65, retirement won't kick off at that time for many of us.

By going through this process every year or so — and refining your budget estimates as you gain more information about your spending needs — you should be able to get a pretty decent picture of whether you'll have enough to retire at the age you plan or whether you might be better off scaling back your retirement lifestyle or even postponing retirement a bit so you can build a larger nest egg.

Married couples have even more opportunities for increasing the amount they'll collect over their joint lifetime by engaging in various claiming strategies, such as the older spouse filing and suspending his or her benefit at full retirement age so the younger spouse can collect spousal benefits while the older spouse's benefit continues to grow.

A majority, 86 %, expect their savings to generate income and even grow in retirement, according to the survey of 1,035 Americans adults age 50 and older with at least $ 100,000 in investable assets.

Even if they have never worked under Social Security, your spouse may be able to get benefits if they are at least 62 years of age and you are receiving or eligible for retirement or disability benefits.

Running the numbers, I found that a person would have been consistently better off buying an annuity at retirement, even at earlier ages.

The break - even point is the number of months after the start of your benefit when the total of all your delayed payments will be equal to the total you would have received if you started your payments at full retirement age.

So someone who starts saving at age 25 will end up with a larger account balance at retirement than someone who started saving at age 35 or 45, even if they contribute the same amount (or even more) to their retirement fund.

What's interesting is that, even though the FRA has been increasing, the «early» retirement and «late» retirement ages have remained the same, at 62 and 70, respectively.

You are still eligible for Medicare at age 65 even if your age for full retirement benefits from Social Security is 66 or older.

Someone starting at age 40 still typically has at least 25 years until retirement and even when in retirement could live for another couple of decades.

The age at which you can receive full retirement benefits is already scheduled to increase to 67 for anyone born in 1960 or after, and it's likely to go even higher.

In general, the lower - earning spouse should collect benefits early at age 62 — even though they will be reduced by 27 % or more and subject to earnings limits — and the higher - earning spouse should wait until age 70 to collect the biggest retirement benefit.

If you're using the estimated benefit from the annual statement you receive from the Social Security Administration, make sure you're looking at the benefit you would receive at full retirement age (even if you plan to retire early).

The client's life expectancy can impact the number of years of anticipated retirement, and even the age at which the client chooses to retire.

GAO Report: Challenges For Those Claiming Social Security Benefits Early This report of the U.S. Government Accountability Office looks at the circumstances of people who file for Social Security benefits early to understand why they do so even though taking benefits before full retirement age reduces monthly payments.

Remember when you were growing up, your grandparents or maybe even your parents retired at the age of 65 and they had a nice monthly retirement income to live off of during their golden years.

Col. Henry Smith was named Canada's first JAG in 1911 at the age of 74, even though the mandatory retirement age in the military at the time was 65.

Even if the court does find that there should be some type of modification, retirement, even at the age of 65, does not guarantee a total termination of alimEven if the court does find that there should be some type of modification, retirement, even at the age of 65, does not guarantee a total termination of alimeven at the age of 65, does not guarantee a total termination of alimony.

A long - term disability insurance policy is typically going to have a benefit period of at least 2 years, and in most cases will last 5 years, 10 years, or even until retirement at age 65 or 67 (or even older).

Some policies will pay you a benefit up to age 67, so even if you become disabled at age 30, you'll be covered until your retirement benefits kick in.

The benefits of a longevity annuity are even greater since 2014, when the U.S. Treasury Departmeni issued a new rule [5] allowing the purchase of a Qualifying Longevity Annuity Contract (QLAC), [6][7] also known as Qualified Longevity Annuity Contract, [8] within an IRA or an employer tax - qualified retirement plan, without having to include the value of the annuity in the annual required minimum distribution (RMD) at age 70 1/2, which is taxable as ordinary income.

A whole life insurance policy started at a young age can still be a very effective retirement savings tool, and it will still make money even with lower payment amounts relative to the cost of insurance.

They had been blessed enough to, even at their age, have put away substantial retirement money.

If you have a place where you can get some earnings even at your age, for example a retirement strategy, there is no way you can not manage a term insurance for senior citizens protect.

Local group offers help for grandparents raising grandchildren 2013 The Advocate, Baton Rouge, LA Even at age 70, there's no leisurely retirement for Rita Hathorne.

A layoff at middle age, even in a two - income family, can throw health insurance, college tuition and retirement plans into turmoil.