Sentences with phrase «near retirees»

This is true of and particularly concerning for near retirees.

The basic story is that the vast majority of near retirees have managed to accumulate very little wealth.

Annuities fit in well with the needs of retirees and near retirees within their IRAs.

Blaming the Pension problem on the legitimate Civil Servants in the State, Counties, Municipalities and non-faculty School District employees is a fiction being promoted by the «Insiders» and their Business Council allies, the latter whom saw their defined contribution pension funds tank and with it those in retiree status or near retiree status losing half of their nest eggs.

Many near retirees underestimate the amount of Canada Pension Plan (CPP) and Old Age Security (OAS) income they will receive

Decumulation is actuary Fred Vettese's preferred term over «drawdown» and his new book Retirement Income for Life (Milner & Associates, Toronto, 2018) seems destined to become the bible of any new or near retiree challenged with converting large RRSPs and other savings into reliable income.

The RCS found that, even among near retirees, fewer than half have done this calculation.

In a 2013 report, the Social Security Administration said that the mean debt level for near retirees was $ 120,871 early in the decade, including $ 102,553 in housing debt, and exceeded $ 150,000 for all near - retiree households.

Do you think this is a good strategy for retirees and near retirees?

That is not particularly surprising when your client base is chock - full of retirees and near retirees.

That decline translated into a significant reduction in retirees» and near retirees» expectations about retirement income and consumption.

Retirees and near retirees had experienced a drastic, abrupt decline in their account balance, sometimes in excess of 50 percent.

This approach allows a dialogue with retirees and near retirees that is more meaningful, because it is based on required and desired income rather than a probability of running out of money that most people find hard to comprehend.