Larry Fink says Americans must retire later to dodge ‘retirement crisis.’ Do this now if you really don’t have a choice
View original at finance.yahoo.comLarry Fink says Americans must retire later to dodge ‘retirement crisis.’ Do this now if you really don’t have a choice Michael M. Santiago / Getty Images Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below…
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Social Security could be depleted as early as Q4 2032
80% confidenceDemographics show more Americans are retiring and their retirements are increasing in length, having a massive impact on the retirement system
80% confidenceCongress should require people to work longer before collecting retirement benefits
80% confidenceThe retirement problem will get harder and nastier as the oldest Gen-Xers start to retire, being the first generation primarily dependent on 401(k)s
80% confidenceMost people cannot decide when they retire; the idea that workers can simply choose to work longer is a myth
80% confidenceWorking with a financial advisor can add about 3% to net returns over time
80% confidenceDeaths of despair, suicides, opioid addiction, and job types are shortening lives for parts of the American population
80% confidenceThe current anchor retirement age of 65 years old is outdated, originating from the time of the Ottoman Empire
80% confidenceGoldman Sachs anticipates gold will increase 10% to $5,400 per ounce by end of 2026
80% confidenceIt is time to rethink retirement to dodge America's looming retirement crisis
80% confidenceNot everyone is living longer; life expectancy gains are concentrated among those with good healthcare and better jobs, while some Americans are seeing longevity decline
80% confidence
