Retirement
in sentence
671 examples of Retirement in a sentence
Only the union he was forced to join, the American Federation of Television and Radio Artists, has been doing any formal saving and earmarking of his
retirement
assets.
Instead, individuals should rely on their own assets to provide them with financial security in
retirement
or in case of serious illness.
He will have to praise privatization of Social Security – and argue that individuals will make prudent and wise investment decisions with this baseline tranche of their potential
retirement
resources.
Most of the investment projects that the emerging world needs are long term, as are much of the available savings – the trillions in
retirement
accounts, pension funds, and sovereign wealth funds.
This year’s federal budget allots $1.9 trillion – more than half of all annual federal expenditure – for health care (including Medicare, Medicaid, and veterans’ benefits), Social Security, and federal
retirement.
They must begin by restructuring
retirement
to compel people to work longer, at least part-time, and wait until they fully retire to enroll in Medicare.
Instead of providing cash handouts that push people from work into long-term unemployment or retirement, governments can redistribute the benefits of growth by supporting employment and incomes with regional and industrial subsidies and minimum-wage laws.
They have made tax systems less progressive and slashed spending on education, industrial policies and regional subsidies, pouring money instead into health care, pensions, and cash hand-outs that encourage early
retirement
and disability.
The problem is aggravated when people take lump-sum payments and do not transform their assets into an income stream for
retirement.
Moreover, social contracts based on formal long-term employer-employee relationships will need to be overhauled, with benefits such as
retirement
and health care made more portable and adapted to evolving work arrangements, including the expanding “gig” economy.
They feared for their jobs, and an underpaid and premature
retirement.
Despite its domestic problems and the loss of global visibility that accompanied Mandela’s retirement, South Africa is still perceived as an emerging power comparable in status and aspiration to, say, Brazil, India, and Nigeria.
For some, the problem is a savings glut associated with slower demographic growth, rising life expectancy, and static
retirement
thresholds – a combination that forces people to save more for their old age.
The recent increase in South Korea’s minimum normal
retirement
age has done little to improve the labor-market outlook.
But in the recent federal election campaign, both of Germany’s main political parties ruled out proposals to raise the
retirement
age to 70, even though there are good reasons for doing precisely that.
Raising the
retirement
age to shore up a statutory pension scheme is often denounced as unfair, because people with physically demanding jobs, such as nurses and manual laborers, cannot be expected to work until they are 70.
And besides, early
retirement
can still be made an option, as long as it is marked down accordingly.
While in office, she has established a minimum wage, lowered the
retirement
age to 63 (for those with 45 years of contributions), and legalized same-sex marriage – policies that are anathema to traditional conservatism, but that now have broad popular support.
America’s Rehearsals for RetirementBERKELEY – As the first wave of America’s baby boomers begins to retire, the
retirement
system is revealing its flaws.
In a recent international comparison, America’s
retirement
system received a passing grade of C; but, for a large and growing number of Americans, the system is failing.
Homes are most Americans’ major
retirement
asset, and, despite a recent pickup, housing prices are still 28% below their 2006 peak, while 28% of all homeowners owe more on their mortgages than their property is worth.
Discretionary employer
retirement
plans are a major pillar of America’s
retirement
system.
Nearly 60% of all employed private-sector workers aged 25-64 are not covered by employer
retirement
plans, and coverage rates vary by income: 73% of all workers in the top earnings quartile are covered by such plans, compared to only 38% in the bottom quartile.
Personal
retirement
savings, another pillar of the US
retirement
system, are woefully inadequate for most households, partly because the decades-long stagnation in median wages has made it difficult to save.
According to a recent study, one-third of Americans aged 45-54 have nothing saved specifically for
retirement.
Meanwhile, three-quarters of near-retirees – those aged 50-64 – have annual incomes below $52,201 and average total
retirement
savings of less than $27,000.
The United States relies on generous tax incentives to encourage personal
retirement
savings, but these incentives are poorly targeted and yield limited returns.
Moreover, while the incentives cost the US Treasury nearly $100 billion annually, they induce little new saving; instead, they cause high-income taxpayers to shift their savings to tax-advantaged assets – a major reason why President Barack Obama proposes capping the tax deduction for
retirement
saving.
A more radical proposal would convert the tax deduction into a means-tested and refundable matching government contribution – deposited directly into a taxpayer’s individual
retirement
account (IRA).
Lack of coverage in employer-based plans and insufficient personal savings leave more than one-third of all households (and more than 75% of low-income households) entirely dependent on Social Security for their
retirement
income.
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