«
We see average retirement ages marching up, and we will get to 65,» says Malcolm Hamilton, partner at Mercer.
Not exact matches
If you
averaged $ 127,000 over the past 35 years and took benefits at your full
retirement age of 66, you would still only
see a check of $ 2,687.
As you can
see, on
average, around
age 35 we have our
retirement savings pretty under control.
Amid this dramatic shift, another sea change was afoot: As
seen in the accompanying graphic, «The Gap Between Life Expectancy and
Retirement Ages,» over the past half century the
average life expectancy has increased significantly while the
average retirement age has decreased.
If you
averaged $ 127,000 over the past 35 years and took benefits at your full
retirement age of 66, you would still only
see a check of $ 2,687.
A popular
retirement author goes further, arguing that «this means the
average person in this
age group will
see most of their savings depleted before they die.»
There is a demographic reality facing the legal profession in Canada which
sees a significant amount of the profession nearing
retirement age (the
average age of lawyer in B.C. is 51).