Sentences with phrase «likely age of retirement»

The parties had an agreement regarding damages, although it was left for the court to determine Paniccia's likely age of retirement, when, if ever he could have returned to work and his household duties, and his life expectancy...

Not exact matches

Those who are living alone in retirement are most likely to see themselves working into old age, with 36 percent of those who are divorced or separated in the U.K. expecting to work indefinitely, compared to just 20 percent globally.

The founder of Western Australia's largest privately owned retirement village and aged - care business believes further consolidation is likely as big players seek to maximise profits and smaller players look to exit the sector.

Part of that decline has been due to difficult economic conditions after the financial crisis of 2008, but part of it is also due to simple demographics: The baby boomers are hitting retirement age, and young people are more likely to go to college or graduate school, meaning that fewer people will want to work.

«As the baby - boom generation approaches retirement age, the number of cases of impotence will [likely] increase,» noted the company's annual report in 1996.

Significantly, those of us at this age still have the likelihood of Social Security, but I have chosen to live off my retirement portfolio until 70 when I will get the maximum benefit and most likely can pay all my fixed expenses from SS.

In a nutshell, while an increase in the full retirement age is certainly possible, it's not the most likely outcome of the ongoing debate on to fix Social Security.

For instance, if you're under age 30, it's likely that your income and spending during retirement will be significantly higher than it is at the beginning of your career.

While you're likely to be earning more money at age 50 than at age 20, as long as you have a job, it shouldn't be too much of a stretch to set aside less than $ 116 to become a millionaire in retirement.

But with increasing numbers of Germans unable to afford the growing costs of retirement homes, and an ageing and shrinking population, the number expected to be sent abroad in the next few years is only likely to rise.

So more and more people who are approaching retirement age now kind of know that retirement in prosperity will likely not be an option for them.

If a woman pastor arrives at retirement age with her pastoral identity intact, she will likely become a revered model for the next generation of women clergy.

The younger Cuomo will cross that threshold early next year — likely in January — when the state Senate is slated to vote on the governor's pick for the state Court of Appeals vacancy created by the departure of Judge Eugene Pigott, who has reached the mandatory retirement age of 70.

A recent study co-authored by Robin Lumsdaine, Crown Prince of Bahrain Professor of International Finance at American University's Kogod School of Business, reveals retirement - age women who have new grandchildren are 9 percent more likely to retire early than those who do not.

«New survey shows that retirement includes work for many older Americans: More than half of older Americans are likely to work past the traditional retirement age of 65 for a variety of reasons from finances to staying active.»

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Therefore, plans with a constant multiplier and that base retirement on an age in line with Social Security are likely to create the most uniform accrual of wealth.

Those aged 18 to 25 tend to have large amounts of credit card and student loan debt upon entering the workforce, and are more likely to rely on high - cost methods of borrowing, which can impede upon future homeownership opportunities and retirement savings.

As people pass middle age and the reality of retirement nears, they appear to be less likely to retire later and more likely to downsize their expenses and lifestyle.

In a nutshell, while an increase in the full retirement age is certainly possible, it's not the most likely outcome of the ongoing debate on to fix Social Security.

«The nation's youngest batch of retirement savers are more interested than any other age group in the investing strategy behind annuities, even though most of them have likely never heard the word «annuity,» according to a survey just out from the Indexed Annuity Leadership Council...

But our reader, who can look forward to a guaranteed pension of more than $ 4,000 a month in retirement — as well as Canada Pension Plan and Old Age Security benefits — likely has an unlimited capacity for risk with his personal savings.

After that, Fidelity research finds that an investor will likely need to replace at least 45 % of your pretax paycheck from savings, 2 including pensions, although the exact amount will vary depending on your income, retirement age, and other factors.

For example, it is likely that the full retirement age to receive benefits will be moved back for younger workers from its current age of 67.»

If you do need to access your retirement savings before the age of 59.5 you'll most likely be subject to a 10 % penalty on previously untaxed funds, contributions and earnings.

More likely to own a home (21 % of pre-retirement debtors own a home compared to 17 % for Joe Debtor), slightly more likely to have some money set aside for retirement (50 % of debtors aged 50 — 59 have RRSP savings compared to 44 % for Joe Debtor), the pre-retirement debtor is struggling with the conflicting goals of saving for retirement, paying down debt and helping his remaining dependants financially.

The majority (61 percent) of survey respondents say that if they were or are unable to retire as planned due to insufficient income, they have adjusted or would adjust their plans to delay their retirement, with the survey's youngest respondents (aged 18 to 24 years) most likely to say they would keep working (74 percent).

Van Nest, agrees but adds, «They really don't need those RRSP savings as Eva's pension will likely support about 70 % of their retirement needs at age 58.

In addition to your CPP retirement pensions, you should both likely be entitled to Old Age Security (OAS) pensions of up to $ 564 per month each at 65.

Generation X (age 35 to 54) is making the most of their 401k retirement plans, while adults over the age of 65 are more likely to rely on investments, mutual funds and IRAs.

While previous generations may have had a career for life and received a generous retirement package at the end of their tenure, the technology talent of today will likely be employed by several firms over the course of their working life (not least as the age of retirement continues to rise).

Default retirement The most significant alteration in the sphere of employment law is likely to be felt by employers in the realms of retirement as, after much discussion about the wording of the transitional provisions, last month saw the end of the well - known but not well - loved default retirement age of 65.

Even more than in 2005, there are strong reasons why I believe Baby Boomer peridementia is also very likely to blossom within the legal profession in the coming decade or two, as BoomerEsq decides to work well past the traditional retirement age (a trend already noted in studies such as «The Changing face of the legal profession,» which is discussed below):

If you anticipate needing coverage until retirement, but you believe that you will have saved plenty of assets by the time you retire to negate the need for continued life insurance coverage, you may want to purchase a policy with a term length which corresponds with your likely retirement age.

At this age income is more than likely retirement income and most if not all of the major debt has been eliminated.

You need to look at your current finances, your age, your health, and what kind of retirement benefits you are likely going to see as you get older.

Should this tier of the workforce choose to stay in work beyond traditional retirement age, employers are likely to take advantage of this extra time to use for quality training and the transfer of knowledge.

In a world in which technology is uprooting entire career fields before our eyes, the average person will have had several careers — and likely a couple of layoff war stories — by the time they hit retirement age.

In fact, at least 25 percent of Americans over age 62 lack any retirement assets, according to a 2016 Urban Institute report, and this trend is not likely to change within the next 50 years.

«The slight increase in median age last year is likely another example of the overall national trend of baby boomers delaying retirement and staying in the workforce later than previous generations,» says Yun.