When highly paid executives are unprepared to retire
Here are 5 approaches to take when even those earning significant salaries aren’t ready to retire.
By Joe Rankin|June 29, 2018 at 07:47 AM
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A growing number of firms, from Fortune 500 companies to partnerships, are dealing with an unusual problem that might surprise a lot of people: what to do when a highly paid executive or a partner says they don’t want to retire for another few years because they haven’t saved enough.
It happens more than you’d expect, regardless of compensation level. Everyone knows that Americans aren’t saving enough for retirement — even the average person between 56 and 61 only has $17,000 saved, according to Economic Policy Institute data.
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