Tag: retirement
Perceptions of older workers haven’t caught up with the reality of their increasingly prominent role in the labor force. The federal Administration for Community Living reports that the U.S. population over age 60 has surged nearly 40 percent in just the past decade. By 2030, retirees will outnumber children for the first time in history,…
If a 60-year-old baby boomer started saving consistently at the beginning of his career back in the 1980s, he would have some $364,000 in his 401(k)s and IRAs today. How much does he actually have? One-fourth of that, according to a new study from the Center for Retirement Research at Boston College (CRR). One obvious…
