Baby Boomers Are Finding More Reasons to Retire Later

Since the 1980s and 1990s, there have been substantial increases in the number of seniors staying in the labor force through previously regular retirement ages, according to Wellesley College researcher Courtney Coile. She calls this one of “the most significant labor market trends” in the United States. According to her research, as many as 1 […]

Home Equity, If Used, Offers Big Boost to Retirees’ Income

If converted to income, untapped home equity for seniors in the United States and 10 European countries could make for a significant supplement to retirement income, according to data released by the Urban Institute and highlighted in a blog post at the Boston College Center for Retirement Research (BCCRR). “The typical retired U.S. household has […]

Retirees Increasingly Prone to Late-Life Financial Difficulties

Retirees are prone to disruptive late-life financial risks as life expectancy grows, including widowhood, financial mistakes attributed to a decline in cognitive abilities and high out-of-pocket healthcare expenses. This, according to a new brief released by the Center for Retirement Research (CRR) at Boston College. While currently-available research literature indicates that these kinds of financial […]

How States Could Use Home Equity to Help Seniors Defer Property Taxes

A property tax deferral program that lets homeowners use some of their home equity to supplement their retirement income could present a novel twist on equity extraction, according to a new brief from the Center for Retirement Research (CRR) at Boston College. Though such a deferral does not offer as much access to home equity […]