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.

The Daily Progress reports that research from The New School indicates that not only do Americans usually retire even before full retirement age, but for the “vast majority of workers,” sticking it out till age 70 isn’t even an option, according to Theresa Ghilarducci, professor of economics at The New School.

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Marlene Satter

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

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