Tag: retirement saving
The brief’s key findings are: Since the mid-1990s, the average retirement age has risen: from 62 to 64 for men; and from 60 to 62 for women. This trend toward later retirement has been driven by several factors: changing incentives in Social Security and employer pensions; better education and health coupled with less strenuous jobs…
Most people approaching retirement who are lucky enough to have an employer-sponsored retirement plan will have a 401(k). This pattern is particularly true in the private sector where defined contribution plans dominate; most public sector workers continue to be covered by traditional defined benefit plans, which pay benefits for life based on years of servic…
