Forced Retirement

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Dictionary Says

Definition of 'Forced Retirement'

The involuntary ending of one's career because of a layoff, health problems or disability.  Forced retirement can have a significant negative effect on workers' retirement plans if they are unable to earn several years' worth of income that they anticipated and/or they are forced to take Social Security benefits early. However, just because a worker is forced to retire from one company does not mean she can't seek employment with a different company or pursue self-employment.
Investopedia Says

Investopedia explains 'Forced Retirement'

When most people think of retirement, they think of choosing when they will leave their jobs - usually when they have reached a certain age or accumulated enough savings to live off of comfortably for the rest of their lives. Forced retirement removes this choice from people and can be disruptive to future plans. Sometimes companies that downsize will offer employees who are close to retirement age an early retirement package. This is basically a severance package by another name. In some cases, these may be employees who would have been fired no matter what because of poor performance; in other cases, companies may want to cut older workers because they tend to have higher salaries than younger workers.
Search results for

'Forced Retirement'

  • Water Cooler Finance: You're Never Too Old To Work - Investopedia. ...

    http://financialedge.investopedia.com/financial-edge/0111/Water-Cooler-Finance-Youre-Never-Too-Old-To-Work.aspx
    ... It was announced last week that the policy of forced retirement at 65 has been
    abolished, in an effort to reduce the amount of pension payouts made to retirees ...

  • Upon my death, will the beneficiaries of my IRA be compelled to ...

    http://www.investopedia.com/ask/answers/05/beneficiarytax.asp
    Frequently Asked Question. August 25 2005 | Filed Under ยป IRA, Options, Retirement.
    Tweet. Email Email. Print Print. Order Reprints Reprints. Feedback Feedback. ...

  • Boomer Bankruptcy Strains Retirement

    http://www.investopedia.com/articles/retirement/09/bankruptcy-retirement.asp
    ... Having To Work Longer When people file for bankruptcy as they approach retirement,
    they'll likely be forced to work much longer than they had expected in an ...

  • 10 Retirement-Wrecking Moves Slideshow | Investopedia

    http://www.investopedia.com/slide-show/ten-retirement-wrecking-moves
    ... Procrastination. Many individuals are forced to postpone retirement because their
    nest eggs are not sufficient. This can be avoided by starting to save early. ...

  • Will Your Retirement Income Be Enough?

    http://www.investopedia.com/articles/retirement/05/050405.asp
    ... Of workers age 55 to 64, 69% reported household retirement account balances of less
    than $100,000. Most of these people will be forced to extend their work ...

  • The Redefined Retirement Dream - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0111/The-Redefined-Retirement-Dream.aspx
    ... Many retirees have also suffered serious setbacks in their retirement savings from
    the recent market fallout, and this has also forced many would-be retirees ...

  • The New Retirement Age - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0811/The-New-Retirement-Age.aspx
    ... People still need to be proactive about making retirement plans that include
    a backup plan if retirement is forced sooner than expected. ...

  • 10 Retirement-Wrecking Moves Slideshow | Investopedia

    http://www.investopedia.com/slide-show/ten-retirement-wrecking-moves/procrastination.aspx
    ... Procrastination. Many individuals are forced to postpone retirement because their
    nest eggs are not sufficient. This can be avoided by starting to save early. ...

  • Five Retirement-Wrecking Moves

    http://www.investopedia.com/articles/retirement/07/retirement-ruin.asp
    ... 1. Procrastination Many individuals are forced to postpone retirement, sometimes
    indefinitely, because their retirement nest egg is not sufficient. ...

  • 4 Retirement Reality Checks - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/1009/4-Retirement-Reality-Checks.aspx
    ... with dwindling nest eggs, housing market meltdowns and general economic mayhem,
    soon-to-be retirees are being forced to give their retirement plans a face-lift ...

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