Comments on: 43% Won’t Have Enough in Retirement http://www.getrichslowly.org/blog/2006/06/07/43-wont-have-enough-in-retirement/ personal finance that makes cents Sun, 20 Jul 2008 03:29:54 +0000 http://wordpress.org/?v=2.5.1 By: Stephen http://www.getrichslowly.org/blog/2006/06/07/43-wont-have-enough-in-retirement/#comment-102702 Stephen Sat, 27 Oct 2007 20:22:52 +0000 http://www.getrichslowly.org/blog/2006/06/06/43-wont-have-enough-in-retirement/#comment-102702 This is one of my concerns for the US as a whole in the future. What the heck is going to happen to all those people that CANNOT retire!? And futher, what the heck is that going to do to the country and the rest of the people that can retire?! This is one of my concerns for the US as a whole in the future. What the heck is going to happen to all those people that CANNOT retire!? And futher, what the heck is that going to do to the country and the rest of the people that can retire?!

]]> By: Get Rich Slowly » Many Americans Forced to Retire Early http://www.getrichslowly.org/blog/2006/06/07/43-wont-have-enough-in-retirement/#comment-1538 Get Rich Slowly » Many Americans Forced to Retire Early Mon, 10 Jul 2006 19:44:32 +0000 http://www.getrichslowly.org/blog/2006/06/06/43-wont-have-enough-in-retirement/#comment-1538 [...] Many people will not have enough saved for retirement, forcing them to work longer than they’d planned. But according to an article in this morning’s USA Today, many Americans are forced to retire years before they want to. Most of today’s middle-age workers who want to continue working after 60 or even 65 will need to find a new source of income. While nearly half of baby boomers expect to work past 65, only 13% of current retirees surveyed this year by consulting firm McKinsey & Co. actually worked past that age. Forty percent of current retirees were forced to stop working earlier than they had planned, the survey found. The average age when current retirees left the workforce: 59. [...] [...] Many people will not have enough saved for retirement, forcing them to work longer than they’d planned. But according to an article in this morning’s USA Today, many Americans are forced to retire years before they want to. Most of today’s middle-age workers who want to continue working after 60 or even 65 will need to find a new source of income. While nearly half of baby boomers expect to work past 65, only 13% of current retirees surveyed this year by consulting firm McKinsey & Co. actually worked past that age. Forty percent of current retirees were forced to stop working earlier than they had planned, the survey found. The average age when current retirees left the workforce: 59. [...]

]]> By: Dave http://www.getrichslowly.org/blog/2006/06/07/43-wont-have-enough-in-retirement/#comment-313 Dave Wed, 07 Jun 2006 19:24:21 +0000 http://www.getrichslowly.org/blog/2006/06/06/43-wont-have-enough-in-retirement/#comment-313 I know it's not exactly the USA culture to do so, but what about having a more family orientated community? One where the money earners (people 20-60 years old) provide for the family as a whole (new borns and elderly). Okay, maybe it's a long shot, but if 43% don't have enough something has to change for them and all of us. I know it’s not exactly the USA culture to do so, but what about having a more family orientated community? One where the money earners (people 20-60 years old) provide for the family as a whole (new borns and elderly).

Okay, maybe it’s a long shot, but if 43% don’t have enough something has to change for them and all of us.

]]> By: Marco http://www.getrichslowly.org/blog/2006/06/07/43-wont-have-enough-in-retirement/#comment-306 Marco Wed, 07 Jun 2006 14:37:45 +0000 http://www.getrichslowly.org/blog/2006/06/06/43-wont-have-enough-in-retirement/#comment-306 In Australia, the Government started an initiative to have 9% of all income to be sent to Superannuation... There also tax concession benefits if you contribute to this pile of cash which you can only access after the age of 65. In Australia, the Government started an initiative to have 9% of all income to be sent to Superannuation…

There also tax concession benefits if you contribute to this pile of cash which you can only access after the age of 65.

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