Tag: working longer
Saving more helps a little, but has big impact when combined with working longer. The National Retirement Risk Index (NRRI) shows that half of today’s working families are “at risk” of being unable to maintain their standard of living once they retire. This result is not surprising since, at any given point, about half of…
But eliminating it would probably do more harm than good. The most powerful lever to ensure retirement security is working longer. People who delay claiming their Social Security benefit until age 70 will generally have enough retirement income to maintain their preretirement standard of living. The goal of policy makers should be to eliminate impediments to working and…
