July 2020
06Jul

Choosing Retirement Investments Based On Age Alone Is Faulty

I was talking with a young couple the other week regarding their retirement investment selection in their 401(k) plan. They both had selected choices based upon their retirement age. They will hit that age in 2050. If you aren’t retiring for 30 years, that might seem like a good choice. But what does that year really mean when it comes to investing for retirement? This type of investment approach is typically referred to as a target-date strategy. I gave...

July 6, 2020
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03Jul

Greece. Open call to foreign pensioners

Greece is about to issue an open invitation to foreign pensioners to relocate their tax domicile to Greece, with a bill to that effect set to be put up for consultation today or on Monday, Finance Minister Christos Staikouras stated on Thursday. He also reiterated his view that the economy will not shrink any more than 8% this year. In an interview on Skai Radio Staikouras revealed the bill is ready for public consultation, offering tax incentives to pensioners...

July 3, 2020
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June 2020
22Jun

Norway’s Ageing Population Problem

Right now, the biggest problem faced by Norway is the necessary transition away from the oil and gas industry. The country's economy has been fuelled by the deposits under the Norwegian continental shelf for decades. With reservoirs running dry, the economy needs to diversify. But with investment in modern technologies such as electric battery and charging infrastructure, offshore wind, and autonomous shipping, Norway's government does at least have a plan. The same can't be said, yet, for the problem...

June 22, 2020
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20Jun

Wealth Distribution and Retirement Preparation Among Early Savers

By: Alice Henriques, Lindsay Jacobs, Elizabeth Llanes, Kevin B. Moore, Jeffrey P. Thompson. This paper develops a new combined wealth measure using data from the Survey of Consumer Finances, by augmenting data on net worth with estimates of defined benefit (DB) pension wealth and expected Social Security wealth. We use this combined wealth concept to explore retirement preparation among groups of households in their pre-retirement years (40-49 and 50-59) and also to explore the concentration of wealth. We find...

June 20, 2020
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19Jun

People in Germany are continuing to retire later and later

The average age at which people in Germany enter retirement has risen again over the past year, from 64,1 years in 2018 to 64,3 years in 2019. The age for women was particularly affected, mainly due to the Mother’s Pension II. Pension age for women rises sharply According to the German Pension Insurance Federation (Deutsche Rentenversicherung), the average age at which people start to draw their pensions has risen over the course of the last year. In 2018, the...

June 19, 2020
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18Jun

Japan Mulls Resubmitting Legislation to Raise Retirement Age of Civil Servants

Japanese Prime Minister Shinzo Abe's government will consider resubmitting legislation to raise the retirement age for civil servants, its top spokesman said on Wednesday, after public backlash prompted the withdrawal of draft legislation. During the parliamentary session that ended on Wednesday, the government abandoned its push to enact legislation that would raise prosecutors' retirement age to 65 from 63, and let the cabinet defer retirement of senior prosecutors for a further three years. Critics and others argued it would...

June 18, 2020
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16Jun

The future of aging in the US

What does the future of aging in America look like? For answers, every year we ask some of our newest Influencers in Aging to offer their views at the American Society on Aging’s Aging in America conference. The pandemic turned this year’s in-person panel into a June 11 webinar, and the Influencers’ forecasts — as well as their laments — couldn’t have been timelier. “I want to acknowledge that we as a country have had a few rough months...

June 16, 2020
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03Jun

Coronavirus impact improves sustainability of Spanish pension system

Spain saw a rare improvement in the long-term sustainability of its pension system in May, but the data gave no cause for celebration because it was mainly the result of the coronavirus crisis and increased deaths among the elderly. Read also Chile’s pension system is changing for the worse Spain has been among European countries worst hit by the coronavirus pandemic, with the death toll now at 27,127. More than 80% of fatalities have been people aged 70 and older....

June 3, 2020
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03Jun

COVID-19 shows super is failing older Australians

An inter-generational war began last week when retiree groups floated the idea of a universal pension. By scrapping the means test, anyone aged over 66 could then receive $472 per week, regardless of their assets. Millennials were appalled that boomers could want more. Sell your property or cash in your stocks, they said in droves. The economic fallout from COVID-19 has hit everyone, retirees included. Dividend cuts, equity losses, fruitless term deposits and slowing rental yields have meant income...

June 3, 2020
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May 2020
29May

Retirement Reforms: Occupational Strain and Health

By Kantha Dayaram, Alistair McGuire A concurrent increase in the demand for state age pensions and health care has led to reforms in delaying retirement. We employ thirteen waves of longitudinal data to examine the mental and physical health effects of Australian men and women at “early” and “traditional” retirement. We use before and after propensity score matching (PSM) estimates between treatment and control groups of retired and not retired individuals aged 60 and 65 years. The results indicate...

May 29, 2020
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