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In order to determine the average retirement age at the national and state level, SmartAsset analyzed U.S. Census Bureau microdata on labor force participation, from the years 2009 to 2013.
Colorado. Realistic retirement age: 56 How much savings you need to retire: $1,105,331 Total savings at 56: $1,145,885 Try This: 10 Best (and Worst) Places To Retire If You Have No Savings
Many adults approaching retirement age have little to no retirement savings. In fact, the U.S. Government Accountability Office said that almost 50% of households headed by someone aged 55 and ...
Retirement is the withdrawal from one's position or occupation or from one's active working life. A person may also semi-retire by reducing work hours or workload. Many people choose to retire when they are elderly or incapable of doing their job due to health reasons. People may also retire when they are eligible for private or public pension benefits, although some are forced to retire when ...
Public employee pension plans in the United States. In the United States, public sector pensions are offered at the federal, state, and local levels of government. They are available to most, but not all, public sector employees. These employer contributions to these plans typically vest after some period of time, e.g. 5 years of service.
The wealthiest state for average retirement savings is Connecticut, at $545,754, with Alaska and Vermont following closely at $503,822 and $494,569, respectively. ... Massachusetts. Average ...
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