Wednesday, June 14, 2017

Some Interesting news stories about retirement

Some of the retirement stories that have caught my interest over the last few days. Some may be of interest to you:

Pensions gender gap twice as wide as pay divide  in the Financial Times Adviser, written By Stephanie Hawthorne, this is a very interesting article. The first line: While men earn 16 per cent more than women on average the average gender pension gap is a staggering 40 per cent in the European Union, according to a report...

The World Economic Forum (WEF) is warning that the money saved is far short of what's needed. It's predicting that the world's six largest pension-saving systems - the United States, UK, Japan, the Netherlands, Canada and Australia - will have a retirement savings gap of $224 trillion by 2050

If you're the lucky recipient of a company pension, then as you approach retirement age, you'll have an important decision to make: Should you take the pension in the form of lifetime payments (i.e., an annuity) or as a single lump-sum distribution? The answer depends on several factors. Read on to figure out which option looks best for you.

Older, worried and working? In The Daily Camera written By Dave Gardner
More older Americans are working than ever. The Bureau of Labor Statistics predicts that the greatest employment growth will be among those 75 and older over the next ten years, closely followed by those aged 65 to 74. If you fall in this older worker category, why are you still working?

Why Women Need To Get Involved In Planning For Retirement in the Huffington Post, written by Alicia McElhaney 

While women are increasingly involving themselves in saving and investing money, a large gap remains between women and men when it comes to planning for retirement. A 2016 study from the National Institute on Retirement Security showed that women in retirement have substantially less income than men - a roughly 25% wage gap that mirrors the pay gap. (According to the Department of Labor, just 44% of women participate in their employer’s retirement plan.)

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