TITLE

Study shows retiring farmers face declining standard of living

AUTHOR(S)
Robinson, Elton
PUB. DATE
July 2005
SOURCE
Southeast Farm Press;7/6/2005, Vol. 32 Issue 17, p25
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that United States' farmers are at a higher risk of experiencing declining standards of living in retirement. The study recommends that policymakers encourage investments in retirement vehicles that provide steady income that cannot be outlived, such as lifetime annuities, to complement Social Security. They plan to use these assets, along with Social Security and income generated by the sale of their farm asset, to support themselves during retirement. Now they need to convert these assets into an income stream they can live on the rest of their lives.
ACCESSION #
17550779

 

Related Articles

  • The Coming Crisis. Dymski, J. Daniel // America;9/22/2008, Vol. 199 Issue 8, p22 

    The article discusses the retirement problems that might be encountered by the diocesan priests in the U.S. The priests receive few social security benefits, and low salaries that limit their ability to save. They are bound to support themselves based on the vow of poverty, yet, their living...

  • High-earners rely on Uncle Sam, too.  // Medical Economics;9/7/2007, Vol. 84 Issue 17, p11 

    The article deals with Social Security in the U.S. According to a study from the National Center for Policy Analysis, workers at every income level depend on Social Security benefits to maintain their lifestyle in retirement. The author noted that if Social Security were to be abolished, a...

  • Employees need to improve savings to maintain post-retirement income.  // Corporate Board;May/Jun94, Vol. 15 Issue 86, p27 

    Reports on the increase in the amount of savings needed by workers to maintain their standard of living after retirement. Study of Georgia State University's RETIRE Project; Factors behind higher income replacement ratios; Need for government and employers to find ways to help employees increase...

  • Break point. McCarthy, Neil // Money Marketing;5/12/2011, p52 

    In this article the author discusses the importance of tracking business after the holidays and positioning an income protection product to ensure that reasonable income and standard of living will be enjoyed by clients once they were unable to work.

  • Asset Allocation, Purchasing Power Risk, and Fixing Social Security: A Simulation Approach. Strong, Robert A. // Journal of Business & Economic Studies;Spring2008, Vol. 14 Issue 1, p19 

    There is no social security trust fund where actual funds reside. Instead, future obligations are "funded" by U.S. Treasury bonds. The original purpose of Social Security was to provide a retirement safety net for the nation's workforce. This article shows that a portfolio invested 100% in...

  • THIS IS NOT YOUR PARENTS' RETIREMENT: COMPARING RETIREMENT INCOME ACROSS GENERATIONS. Butrica, Barbara A.; Smith, Karen E.; Iams, Howard M. // Social Security Bulletin;2012, Vol. 72 Issue 1, p37 

    This article examines how retirement income at age 67 is likely to change for baby boomers and persons born in generation X (GenX) compared with current retirees. We use the Social Security Administration's Modeling Income in the Near Term (MINT) model to project retirement income and assets,...

  • Optimal Retirement Age Under Normal and Negative Market Conditions Considering Social Security and Private Savings. Tucker, Michael // Journal of Financial Planning;Jul2009, Vol. 22 Issue 7, p42 

    • The present value (PV) of a man's mortality weighted income from Social Security (SS) and private savings discounted to age 62 is maximized at the retirement age of 62 for all possible retirement ages from 62 to 70. • The greater the proportion of retirement income derived from SS...

  • THE RETIREMENT RACE. Bryant Quinn, Jane; Ehrenfeld, Temma; Berman, Ari; McLure, Jason; Pierce, Ellise; Raymond, Joan; Waddell, Lynn // Newsweek;3/15/2004, Vol. 143 Issue 11, p65 

    Presents advice for Americans nearing retirement who have not yet saved enough money to support themselves adequately when they stop working. Report that, according to the General Accounting Office, only around half of baby boomer households are saving enough to preserve their working-age...

  • The Voluntary Pay Standard: A Review. Tanner, Lucretia Dewey; Murphey, Janice D. // Labor Law Journal;Mar81, Vol. 32 Issue 3, p158 

    The article examines developments in the voluntary pay program in the United States, since 1978. The voluntary pay and price program placed the pay standard at seven percent to include wages, benefits, and automatic cost-of-living adjustments. Over the next few months, the seven-percent pay...

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