Older teacher with class Researchers at the Stanford Center on Longevity went to great pains to analyze close to 300 retirement methods before coming up with the one proposed in the study. (Photo: iStock)

It's not what a lot of people want to hear, considering that the typical age for Americans to retire is at 63, but a new Stanford study proposes that the best retirement plan is for workers to stay on the job till age 70 and "pensionize" their defined contribution plan funds.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.