Under a qualified plan, an employer can offer an employee (other than a 5% owner) who attains age 70 1/2 in a calendar year after 1995 and has not retired by the end of that year the option to delay commencement of benefit distributions until no later than April 1 following the calendar year in which the employee retires
from employment with the employer maintaining the plan.
Respondents 65 years old and older were more likely to cite Layoffs/Downsizing (58%) as the primary reason for having to retire
earlier than planned, while respondents under age 55 were more likely to name Personal Illness (46%) or Injury (26%) as the cause.
But the years ahead are filled with uncertainty for Wambsgans and many others who plan to retire
in the next decade.
At this rate, she knows she won't have nearly enough money on which to retire
A worker may retire
earlier or later than the normal retirement age of 65.
You can retire
with a smaller amount of savings, but that may mean scaling back your expenses, perhaps to half of what you spent while you were working," she points out.
Kenny Wallace, a driver on the NASCAR Busch Series, said he knew his brother was going to retire
before he turned 50.
Once their foreign assignments end, some of these employees decide to retire
in the host country.
When one pilot retires
, another pilot replaces him Co just as in any other industry when workers retire
," said Captain Ralph Hunter, APA president.
About 20 percent of the county's managers and 7 percent of rank-and-file employees are expected to retire
in the next three years as baby boomers, mostly in their mid- to late-50s, decide to retire
, said Susan Stern, chief deputy of the Department of Human Resources.
E[acute accent]Possibly as a result, 69 percent of preretirement respondents who plan to retire
are concerned about their ability to live comfortably in retirement, and among those already retired, nearly half - 49 percent - also expressed concern.
Among active investors age 50 to 90, nearly 60% of current retirees
and 50% of individuals who expect to retire
within the next five years are developing their own short- and long-term financial plans rather than seeking the advice of a financial professional.
LANCASTER - After going as far as Minnesota, Canada and Spain to recruit teachers, two Antelope Valley school districts want to offer incentives to their most experienced and highest-paid teachers to retire
City Manager MaryJane Lazz intends to retire
next year after more than two decades serving Thousand Oaks.
DES MOINES, Iowa -- Principal Retire
Secure Addresses Retirement Security Crisis -- Dramatically Increases Savings by American Workers through New Employer Retirement Savings Services