TITLE

Phasing into Retirement

PUB. DATE
June 2005
SOURCE
Journal of Financial Planning;Jun2005, Vol. 18 Issue 6, p19
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article focuses on a survey about phased retirement program in the U.S. A substantial percentage of workers would remain in the workforce longer if they could phase into their retirement. According to a survey by the American Association of Retired Persons, 38 percent of all workers ages 50 and older said they would be interested in participating in a phased retirement program, with some reservations. Yet only one in five had even heard the term phased retirement before it was presented to them in the survey. Based from the result of the survey: 78 percent of those interested in phased retirement said such a plan would encourage them to work past their expected retirement age; 61 is the average age workers would like to start a phased retirement; 53 percent would want to reduce their weekly schedule by 12 hours or more; and 33 percent of current retirees said they would have worked longer if such a plan had been available to them. Those interested in a phased retirement program had one big concern: whether it would reduce their final pension benefits. It it did, they said forget it.
ACCESSION #
17543846

 

Related Articles

  • Poor pension plans.  // BRW;3/25/2004, Vol. 26 Issue 11, p23 

    Reports on the results of a Newspoll survey commissioned by superannuation administrators Superpartners about the attitudes of workers and the aged regarding pension plans and retirement income.

  • The retirement plans and expectations of older workers. Schellenberg, Grant; Ostrovsky, Yuri // Canadian Social Trends;Winter2008, Issue 86, p11 

    The article focuses on the general social survey report 2007 discussing the retirement plans and the related anticipation of the Canadian workers nearing retirement. The results indicate a predominant uncertainty and workers with health problems or modest financial support are uncertain of their...

  • The ABCs of RCAs. Parry, Trevor // CA Magazine;Aug2011, Vol. 144 Issue 6, p46 

    The article offers information on the efficacy of retirement compensation arrangement (RCA) in providing flexibility in the retirement income of senior employees in Canada. It mentions that RCA not only structure the retirement income of elderly people, but it can also reduce corporate taxes as...

  • More from less equals more pressure.  // Corporate Adviser;Jun2012, p5 

    The article informs that according to the report by the Pension Policy Institute, there is inadequacy in the retirement prospects of over 50s pension policy in Great Britain. The pension industry is also having to face small challenges. The high charges issue will keep coming back, damaging the...

  • Double pot. Mealing, Lisanne // Money Marketing;6/21/2007, p69 

    The article discusses the comparison of Isa and Pension savings that provide good retirement income in Great Britain. It was described that pension offers no tax- free cash and higher-rate tax relief at 40 percent while Isa offers tax-free income on retirement and accessibility of cash in...

  • Aiming at the right goal. Farrell, Paul // Corporate Adviser;Apr2013, p15 

    In this article the author focuses on taking risk in defined contribution pension. The author says that a pension is all about achieving a stream of income at the end. The author also says that pension used to promise a member a retirement income, but it now offers uncertainty and the means to...

  • Wait off your mind. Jacobs, Richard // Money Marketing;9/25/2008, p52 

    The article offers tips regarding retirement options for a 60-year old retiree in Great Britain. It discusses that delaying pensions because it would grow tax-free is not applicable anymore since pension policies have not grown after the implementation of the stealth tax. It also suggests on...

  • Saving the Kiwi. Du Toit, Carlene // NZ Business;Feb2007, Vol. 21 Issue 1, p40 

    This article explains the importance of the KiwiSaver scheme of the government of New Zealand. It will be implemented on July 1, 2007. It is a voluntary, work-based savings scheme that aims to help New Zealanders with their long-term retirement plans. The rationale for KiwiSaver is that New...

  • Build your nest egg the "super" way. Karvounaris, Matina // Australasian Dental Practice;Jan/Feb2010, p102 

    The article offers information on a transition to retirement pension (TRP), an investment account that can be started with superannuation money at 55 years and above. The benefits of TRP are highlighted, including receiving a tax-effective income and providing an alternative income for reduced...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics