retirement

How working longer impacts your retirement

Working longer not for everyone
Next
8 of 9
Back
Working longer not for everyone

Working longer won't be a solution for everyone. For example, the odds for working longer are stacked against lower-income workers because they tend to do more physical labor and may not be in good enough health -- or have the physical stamina -- to continue working. Lower-income workers also are far less likely to have pension plans or significant retirement savings, so they are likely to be far more dependent on Social Security than any other income source in retirement.

Mark Miller is the author of "The Hard Times Guide to Retirement Security: Practical Strategies for Money, Work and Living." Graphic illustration reproduced with permission from publisher John Wiley & Sons.


 

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
MORTGAGE HOME EQUITY AUTO CDs CREDIT CARDS
Product Rate Change Last week
30 year fixed, 0 point 4.27%  0.05 4.22%
15 year fixed, 0 point 3.27% --0.00 3.27%
5/1 ARM 3.35%  0.13 3.48%
 
View Rates in your area Next
Product Rate Change Last week
30K FICO-based HELOC 4.38%  0.08 4.46%
50K FICO-based HELOC 4.11%  0.06 4.17%
100K FICO-based HELOC 3.96%  0.03 3.93%
 
View Rates in your area Next
Product Rate Change Last week
60 month used car loan 2.73% --0.00 2.73%
48 month used car loan 2.97%  0.04 2.93%
60 month new car loan 3.22%  0.05 3.17%
 
View Rates in your area Next
Product Rate Change Last week
1 Year CD 0.90%  0.02 0.92%
2 Year CD 1.09% --0.01 1.08%
5 Year CD 1.74% --0.00 1.74%
 
View Rates in your area Next
Product Rate Change Last week
Balance Transfer Cards 15.67%  0.02 15.65%
Cash Back Cards 16.36%  0.03 16.33%
Low Interest Cards 10.87% --0.00 10.87%
 
Next
advertisement
CD & INVESTING NEWSLETTER

Learn the latest trends that will help grow your portfolio, plus tips on investing strategies. Delivered weekly.

Blog

Jennie Phipps

Stock gains send IRAs soaring

Fidelity Investments says IRA contributions set a record for the 2013 tax year.  ... Read more

advertisement
Partner Center
advertisement

Connect with us