Sentences with phrase «on average retirees»

Not exact matches

Financial Engines, a defined - contribution managed - account provider, estimates the average single retiree leaves more than $ 100,000 in lifetime benefits on the table by fumbling his or her Social Security choices.

The Algarve, Portugal, is the top retirement option in Western Europe for the retiree on a budget — the cost of living in Portugal is on average 30 percent lower than in any other country on the Continent.

T. Rowe Price found that nearly three years into retirement, retirees are living on an average 66 % of their pre-retirement income.

A 65 - year - old couple will need on average $ 280,000 to cover health care and medical expenses throughout retirement, according to Fidelity Investments» 16th annual retiree health care cost estimate.

Retirees have, on average, 2 1/2 decades of experience.

Retirees who would be paying $ 1,250 a month or more — $ 15,00 a year — in the U.S. for health insurance with a high deductible say that in Panama, they're paying, on average, $ 3,240 a year for coverage — and that's with a deductible of just $ 250 a year.

On its website, the SSA says, «Social Security replaces about 40 percent of an average wage earner's income after retiring, and most financial advisors say retirees will need 70 percent or more of pre-retirement earnings to live comfortably.»

A recent paper by the BlackRock Retirement Institute (BRI) based on research in conjunction with the Employee Benefit Research Institute (EBRI) found that on average across all wealth levels, most current retirees still have 80 % of their pre-retirement savings after almost two decades in retirement.

As fewer companies offer pensions and Social Security makes up a smaller percentage of the average retiree's income, individuals will have to rely more on their own savings for living in retirement.

Financial services firms would still be able to adopt a variety of business models and make a reasonable profit, but not by preying on the lack of sophistication of the average worker or retiree who relies on them for best - interest recommendations.»

Estimates are calculated for «average» retirees, but may be more or less depending on actual health status, area of residence, and longevity.

On average, future retiree health benefits for public school teachers are worth about 10 percent of their current salaries.

Defined benefit plans provide retirees with a guaranteed lifetime benefit, the annual value of which is typically based on number of years of service and average salary during the final years of their careers.

Specifically, except for households of low to modest means, the retirees they tracked were spending less on average than the amount available to them from Social Security, pensions and income from retirement accounts.

But retirees typically live on 50 % to 60 % of the income they had in their peak working years, so RRSPs should be the first choice for those with average salaries or better.

This is lower but not entirely out of line with Fidelity's estimate that the average 65 - year - old retiree today should expect to pay around $ 5,000 a year on out - of - pocket annual expenses and premiums.

Out - of - pocket costs for an average 65 - year - old retiree on traditional Medicare are projected to more than triple from around $ 5,200 this year to over $ 18,000 by age 85.

On its website, the SSA says, «Social Security replaces about 40 percent of an average wage earner's income after retiring, and most financial advisors say retirees will need 70 percent or more of pre-retirement earnings to live comfortably.»

For example, some retirees live on their investment income, and a part of that comes from REITs, which offer above - average yields.

Retiree healthcare expenses are projected to rise on average 5.5 % annually for the foreseeable future.

Many retirees instinctively home in on stocks that pay above - average dividends and bonds that feature outsize yields.

With a cost of living that's below the national average, zero taxes on Social Security benefits and some of the best outdoor recreation in the country, Idaho is a retiree's dream.

The result is that retirees who transfer their tax - deferred savings into an income fund at 71 today will see their nest - egg cut in half by age 80 and will be down to 10 per cent by age 94, when life expectancy tables say they will live an additional four years on average.

«This decline can hardly be attributed to insufficient financial resources because older retirees save more on average than people who are still working.»

It essentially causes the retiree to lock in low bond returns and even capital losses on a bond fund as bond yields gradually increase (on average) over time.

The federal government announced in August that rates on most of the long - term care insurance policies for federal employees and retirees would increase by an average of 83 % starting Nov. 1.