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Planning on Working Forever? You’re Not Alone

Northwestern Mutual’s 2019 Planning & Progress study reports that almost a quarter of Americans have accumulated less than $5000 toward their eventual retirement, and the Associated Press-NORC Center for Public Affairs Research has determined via polling that one-in-four Americans do not expect to stop working, ever. If you happen to fall into one of these categories. there are a few fundamentals you should know. The Atlanta Journal-Constitution’s Crystal Villarreal provides some insights into this subject in a post on www.ajc.com. Check it out here…

 

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Comments On This Topic

  1. I have just become a “victim” of the Social security windfall penalty. I have a pension I paid into in the UK where I was born and raised. I met and married my USA born and bred wife when I was 42 and I began paying in to social security when I opened my business and became a US citizen. I got those social security statements saying this is the amount you “should” receive when you retire. My benefits went from $1,500 to less than $100 after they take away the $ amount of my UK pension and the Medicare premiums. All of retirement planning is now out the window, I will work forever. We are considering a move to the UK and canceling Medicare. That will give us back our total SS amount, my UK pension and we will go on National Health, not ideal but at least a better lifestyle is the cost of living vs. income works out.

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