Sentences with phrase «other early retirees»

However, inspired by many other early retirees, I may be able to make the math work earlier.

Not exact matches

However, one survey found that about half of retirees said they retired earlier than planned due to health problems, changes at their workplace, or other factors, suggesting that many workers may be overestimating their future retirement income and savings.

Ultimately, rising inflation will likely be more damaging for the income - oriented retiree due to the other key considerations discussed earlier.

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.

In the early 1980s, only 43 percent of new retirees had any retirement benefits other than Social Security.

It's written by an early 50's retiree who achieved financial independence, shares what's worked for him, and details how others can implement those successes in their lives.

When American College of Financial Services chief academic officer Michael Finke and other researchers examined retiree spending habits between 2000 and 2012 for a study published earlier this year, they documented what they called «a retirement consumption gap.»

We and other media gave these and similar individuals a lot of press, citing them as extreme instances of Early Retirees.

EBRI's Retirement Confidence Survey shows that nearly half of retirees had to leave the workforce earlier than they'd planned, usually due to health issues, a company downsizing or having to care for a spouse or other family member.

However, one survey found that about half of retirees said they retired earlier than planned due to health problems, changes at their workplace, or other factors, suggesting that many workers may be overestimating their future retirement income and savings.

ERRP proved to be a critical source of support by benefiting early retirees, their family members, other plan participants, and the health plan sponsors that provided vital access to health coverage.

On the other hand, for early retirees in a low tax bracket seeking monthly cashflow, an LC account can be a useful component.

The ERRP was designed to help employers and other sponsors of employment - based health plans continue to provide coverage for early retirees until 2014, the initial year under the ACA in which insurance companies may no longer deny coverage based on pre-existing conditions, or charge more based on an individual's health status.

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.

But other plans are more generous to early retirees.

Fifty - five percent of retirees who left the workforce earlier than planned cited health problems or disability as a reason for early retirement; 17 % cited caring for a spouse or other family member.5

Early retirees get even more benefit from a tax - deferred account than others.