Michael V.Leonesio,Virginia P.Reno,Denton R. Vaughan.Increasing the Early Retirement Age under Social Security. .Leonesio, Michael V., Denton R. Vaughan, and Bernard Wixon. 2003. "Increasing the Early Retirement Age Under Social Security: Health, Work and Financial Resources." Health and ...
To avoid confusing those who haven’t worked very many years yet – but plan to – the standard Social Security benefits statement projects out anticipated future Social Security benefits based on the assumption that the individual will continue working until retirement. Which allows the individual to...
But how do you use retirement savings to bridge an income gap between when you retire and when you can maximize your Social Security benefit? You might be able to cut spending or boost income, perhaps by taking on part-time work or generating rental income if you own real estate. But if...
Next we investigate the potential impact of curtailing, and then eliminating, early Social Security benefits. A life-cycle model of retirement behavior provides estimated parameters used to simulate the effects of cutting early Social Security benefits on retirement pathways. We find that cutting early...
On the one hand, early retirement is very costly and amplifies the burden which the German public pension system has to carry due to population aging. On the other hand, however, early retirement is also seen as a much appreciated social achievement which increases the well-being especially of...
on evidence from the European Union (with comparisons to other industrialized countries including the United States and Canada), the authors demonstrate that the effective retirement age is influenced by social security regulations (such as a change in eligibility age) and discuss ways of measuring ...
If you’ve claimed Social Security early and are second-guessing that decision, consult a trusted financial advisor. “Working together, you can explore the financial impact of a withdrawal or suspension and consider how these moves fit with your broader retirement goals,” says Melissa Murphy Pavo...
Your claiming age can have a huge impact on what you'll receive from Social Security during retirementFacebook Twitter Comments Print Email Motley FoolVideo As of June, the average retired worker was bringing home $1,514 a month from Social Security. This works out to almost $18,200 a ...
The magnitude of the effect that health has on the retirement decision has long been studied. We examine the reverse relationship, whether or not retirement has a direct impact on later-life health. In order to identify the causal relationship, we use unexpected early retirement window offers to...
How Long Does the Average Person Live in Retirement? According to the Social Security Administration (SSA), a 65-year-old woman will live about 20 more years, whereas a 65-year-old man will live about 17 more years.7The SSA providesa life expectancy calculatorbased on your birth date on...