Tag: retirement savings

Doctor using stethoscope listening to senior patient breathing at her house – using face mask

Abstract If Americans continue to retire at age 63, a great many will risk income shortfalls especially at older ages.  Because work directly increases current income, Social Security benefits, retirement saving, and decreases the length of retirement, a logical solution would be to increase the age of retirement.  But are Americans healthy enough to work…

Mature man is hired to handle outreach to senior adults

Introduction The National Retirement Risk Index (NRRI) measures the percentage of working-age households who are ‘at risk’ of being financially unprepared for retirement today and in coming decades.  The calculations show that even if households work to age 65 and annuitize all their financial assets, including the receipts from reverse mortgages on their homes, 44…