Sentences with phrase «working at retirement age»

This has caused masses of people to be unable to quit working at retirement age, because they are without enough money to take care of themselves during economic contractions.

Not exact matches

Here's how it works: The higher - earning (first) spouse files for benefits at full retirement age, enabling the other to file for spousal benefits as early as age 62 — which, again, amounts to half of what the first spouse is entitled to.

Not only that, the arrival of the baby - boom generation at retirement age over the next two decades will see the ratio of seniors to working - age people (aged 20 to 64) go from just over 1:5 in 2006 to 1:2 by 2056.

Kittle's initial plan was to file at or near her full retirement age, and invest the benefit while she continued to work.

Even if you have never worked under Social Security, you may be able to get spouse's retirement benefits if you are at least 62 years of age and your spouse is receiving retirement or disability benefits.

This strategy may work best if you're younger than full retirement age and you will have a low monthly benefit at FRA compared with that of your deceased spouse.

At Guidant Financial, we've worked with many entrepreneurs age 50 and older who are trading in retirement for the adventures of business ownership.

Here's how it works: A person files for Social Security retirement benefits at full retirement age, but then suspends payment of them.

While it's a good idea to be contributing to a retirement fund as early in your working years as possible, you can start putting away money for your nest egg at any age.

A 23 - year - old who begins saving 10 % today can shave five years off retirement age, amassing enough to leave work at 70.

WASHINGTON, D.C. — True to their «live to work» reputation, some baby boomers are digging in their heels at the workplace as they approach the traditional retirement age of 65.

Working to 70 would give them retirement income of $ 96,000 a year vs. retirement income of just $ 52,000 at age 62.

She worked as the Director of Professional Services with a hospice in central California for 10 years, until she took an early retirement at the age of 51.

Plan B is to keep working until I'm 40 and plan C is to retire a decade sooner than the «normal» retirement age, at around 50»

Even if you have never worked in your life, you can claim your spouse's retirement benefits if you are at least 62 years of age and your spouse is eligible to receive benefits.

With greater life expectancy, more retirement - aged individuals are remaining in the workforce, resulting in a higher share of older people in the workforce than at any point since before the creation of Medicare, reported Bloomberg, with 19 % of Americans over 65 working at least part - time in 2017.

More than half of people in a MassMutual survey wrongly thought they could continue working at any age while also collecting full Social Security retirement benefits.

The age at which you choose to stop working is another big factor in how much of your preretirement income you will need to replace in retirement.

Here is the bottom line as far as I can see: IF you are self - employed when filing for early retirement, and *** if, on your application, you are asked how many hours you work *** (and I would like to hear from anybody here who has actually filed for benefits before their Full Retirement Age) and IF you work more than the allowable hours to be considered «retired» (again, I believe it's no more than 45 for most people but no more than 15 if you work at an occupation requiring a «specific skill» or own a large business),

The average person leaving the world of full - time work at age 65 can reasonably expect to spend 20 to 30 years or more in retirement.

Ryan Mason returns to Spurs to work on coaching badges after retirement Mason retired at the age of 26 after suffering a fractured skull while playing for Hull City at Chelsea in January last year.

He worked in advertising until his retirement at age 65.

At age 73, Dennis T. Gorski, a former three - term county executive, county legislator and state assemblyman, enjoys a reputation built on hard work and disciplined administration, but he's now looking forward to retirement.

- Nearly three quarters of Queens respondents (73 percent) expressed concerns about age discrimination at work, while nearly half (48 percent) said they expect to delay their retirement for financial reasons.

At a keynote speech at Age UK's conference two weeks ago, work and pensions secretary Iain Duncan Smith outlined his key principles for pension reform, with a focus on the next generation of pensioners and making it pay for current workers to save for retiremenAt a keynote speech at Age UK's conference two weeks ago, work and pensions secretary Iain Duncan Smith outlined his key principles for pension reform, with a focus on the next generation of pensioners and making it pay for current workers to save for retiremenat Age UK's conference two weeks ago, work and pensions secretary Iain Duncan Smith outlined his key principles for pension reform, with a focus on the next generation of pensioners and making it pay for current workers to save for retirement.

Doctors in their late 20s who had expected to retire at 60 could now have to work to the state retirement age of 68.

«the compensation system for federal judges in the United States creates a very powerful economic incentive to retire at a reasonable retirement age by virtue of how the defined benefit pension plan works, that most judges assent to not long after reaching that age.»

But, the compensation system for federal judges in the United States creates a very powerful economic incentive to retire at a reasonable retirement age by virtue of how the defined benefit pension plan works, that most judges assent to not long after reaching that age.

At the same time, with two - term judge Mary Work reaching the mandatory retirement age, the county Surrogate judgeship will be opening up.

Those stage theories reflected a time when most people marched through life predictably: marrying at an early age; then having children when young; then work, work, work; then maybe a midlife crisis; then retirement; then death.

Studio Ghibli hoped that director Kondô could become a successor to Miyazaki and Takahata, but this would be the only film he completed before his 1998 death at age 47 due to a ruptured aneurysm attributed to excessive work, an incident that led Miyazaki to announce retirement but settle on a more relaxed pace.

Traditional pensions basically encourage retirement at these earlier ages while punishing work at older ages.

The problem, Ingersoll says, is poor working conditions — particularly at schools serving impoverished populations — that cause teachers to leave long before retirement age.

Even if you have never worked under Social Security, you may be able to get spouse's retirement benefits if you are at least 62 years of age and your spouse is receiving retirement or disability benefits.

Had he worked for a full 20 years under the LEO retirement system he could have taken an immediate retirement or a deferred retirement at age 60.

Say a 66 - year - old wife's benefit based on her work record is $ 800 a month, and half of her husband's benefit at his full retirement age is $ 1,200.

So if you're going to continue to work past full retirement age, even if you decide to collect your benefit at 66, let's say, I collect my benefit at 66, but I'm young, spry, and I still want to work for another 10 years.

Everyone starts working at age 28, and when they hit retirement, each person earns $ 50,000 a year.

If you're still working, your income is high, or at least higher than it will be in retirement and you don't need the pension for cash flow, it may make sense to delay receipt to as late as age 70.

Outside of disability, one is only eligible for social security benefits at age 67 (unless you were born before 1960, in which case different rules apply), but you must have worked for at least 10 years to get full retirement benefits.

If you are disabled at age 62 or older and have worked for at least 10 years they you qualify for full disability benefits (which are generally less than retirement benefits).

Not wealty by a long shot, but my wife and I started retirement plans (through work 403b's and IRA then IRA conversions) at about age 32.

You both have the same earnings history, and you both stop working at the same age, so the only difference in this example is the date you start to receive social security retirement benefits.

52 % of working - age households will be at risk of being unable to maintain their standard of living in retirement.1

Many people at retirement age will continue to work full or part time and will still have a need to replace income in the event of their death.

A new array of devices and services is transforming retirement, making it easier for aging clients to work, stay healthy, live at home and remain connected to friends and family.

More than a decade ago when my Dad retired from his teaching career at age 56, I told him my retirement goal was to beat him and stop working at age 55.

After a lifetime of working hard, living simply, saving regularly, and investing wisely, Jack and Sara Rogers arrive at age 65 with their home paid for and $ 800,000 in their retirement accounts.

Over a thirty year working career with retirement at age 65, at today's maximum contribution rates that would be $ 180,000 contributed.

The reason is that people with lower incomes can make more in retirement than they do when they are working, due to the government benefits you get at age 65.