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Rethinking Retirement Plans — Is Phased Retirement The Future?

Allwork

A phased retirement option allows full-time employees to work part-time while also beginning to take some retirement benefits. We spoke to Stacie Haller, ResumeBuilder’s chief career advisor, about whether companies should adopt phased retirement plans. Yet most companies haven’t implemented other options.

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5 Different Types of Retirement Plans You Need to Know About

Success

You’re probably familiar with terms like 401(k) or Roth IRA, which are types of retirement plans. You might be less sure about the particular characteristics of these accounts or how they follow specific rules laid out by the Internal Revenue Service (IRS) to protect your retirement funds. Employers can match contributions.

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SEP IRA: What You Need to Know About This Retirement Plan Option

Success

Finding the right retirement plan for your business can take time and effort. One retirement plan option available to business owners and self-employed individuals is the SEP IRA, or the Simplified Employee Pension plan. It allows you to save for retirement based on your earned income. What is a SEP retirement plan?

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Why It’s Time to Retire the Term “Hybrid Work”

Allwork

The word “hybrid” gets used a lot relative to workplace strategy, but it may be time to retire the term. . That way they can look at their information and work through the complexity together on a whiteboard, which is very difficult to do whenever when everyone’s separate. .

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Older people less keen on early retirement than younger generations

Workplace Insight

Early retirement is a specific life goal for 65 percent of working-age adults around the world, with 70 percent of Gen Z employees (the highest proportion of any generation) actively working towards this aspirational goal. The way in which people view retirement, and particularly early retirement, is wildly different around the globe.

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Small Business Owners Getting Older and Not Planning to Fully Retire

Small Business Labs

Also interesting is Barlow's findings on small business owner retirement plans. In general, small business owners are not the retiring type. They found average small business owner with plans to retire is planning on retiring at age 67.  Also, only 68% of small business owners report plans to retire.

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Half of U.S. Full-Time Employees Plan to Defer Retirement Due to Financial Reasons

Small Business Labs

There's a lot of good information in the study. It shows that 52% of the full-time employees surveyed said they plan to postpone their retirement due to their financial situation. We've long often covered the trend towards delayed retirement ( see our baby boomer section for many articles on this topic ).