Tag: boomers
Abstract Past generations drew down their wealth slowly in retirement, leaving much of their savings untouched. However, this pattern may not hold as the Baby Boomer generation retires, because they are less likely to have a defined benefit (DB) plan and will need to tap the assets in their defined contribution (DC) plans to support…
A unique situation faces older workers with a disability: apply for federal disability insurance now or try to hold on and keep working to retirement age. Of course, people who leave the labor force and apply for disability are taking a risk: they might be denied the benefits. But another possible factor in how thes…
