"You've Worked Hard, Saved, and Just Retired: How Do You Manage Your Finances Now?"
I only read about one out of every 50 Knowledge@Wharton articles these days, but this one stood out. The authors claim that 33%-50% of all retirees return to work in one form or another, and the authors also profess to be baffled that annuities aren't as popular among retirees as they should be. (Hmmm... I wonder who's funding Wharton's endowments.) The implication is that retirees are either woefully uninformed or incapable of evaluating the math, and it's Wharton's job to rescue us from ourselves!
Bill Sharpe also espouses a "lockbox" system with money invested specifically for certain ages that a retiree can spend when they reach that age and not before. He says he wants to be able to use it when he's "drooling" and senile...
I only read about one out of every 50 Knowledge@Wharton articles these days, but this one stood out. The authors claim that 33%-50% of all retirees return to work in one form or another, and the authors also profess to be baffled that annuities aren't as popular among retirees as they should be. (Hmmm... I wonder who's funding Wharton's endowments.) The implication is that retirees are either woefully uninformed or incapable of evaluating the math, and it's Wharton's job to rescue us from ourselves!
Bill Sharpe also espouses a "lockbox" system with money invested specifically for certain ages that a retiree can spend when they reach that age and not before. He says he wants to be able to use it when he's "drooling" and senile...