Retirement Roundup: A digest of timely information and insight about finance, investing, and retirement.
Retirement: More fun than you’ve heard | Forbes
Though experts often sound warnings about how hard the adjustment to retirement will be, a new report from Merrill Lynch/Age Wave, Leisure in Retirement: Beyond the Bucket List, found that retirees are enthusiastically enjoying their newfound freedom.
Disproving beliefs about the economy and aging | The New York Times
Two major culprits get the most attention from economists for explaining why the economy is stuck in low gear. The first is anemic productivity growth; the second is the demographics of an aging population. But it is long past time to shed three pernicious myths about the United States economy and aging.
Why financial literacy will not save America’s finances | The Atlantic
From taking out loans to pay for higher education to investing for retirement, Americans are shouldering enormous levels of personal financial responsibility – more so than ever before. At the same time, financial products have both proliferated and become much more complex. While Americans are not expected to manage their own legal cases or medical conditions, they are expected to manage their own finances. But is it reasonable in such a system to expect people to succeed? Economists examining financial literacy would say no.
‘I’ll never retire’: Americans break record for working past 65 | Bloomberg
Almost 20 percent of Americans 65 and older are now working, according to the latest data from the U.S. Bureau of Labor Statistics – the largest number of older workers in the U.S. ever. And according to a 2015 Federal Reserve study, 27 percent of Americans said they will “keep working as long as possible,” while another 12 percent said they don’t plan to retire at all.
Fewer retirees have employer-sponsored health coverage | PlanSponsor
Traditionally, employer- and union-sponsored retiree health benefits have served as an important source of supplemental coverage for people on Medicare. But those days are gone.
The Kaiser Family Foundation has documented a significant drop in large employers offering retiree health coverage, from 66 percent in 1988 to 23 percent in 2015. [Read about how Colorado funds public employee health care retirement benefits.]
Colorado is great for growing old | KUSA
A new study by Caring.com ranked Colorado as the sixth best state to grow old in. The study looked at a variety of financial, healthcare and quality-of-life categories. Colorado’s ranking was held down slightly by its relatively high senior care rates.
