Archived Insight | November 14, 2017

Who is Ready to Retire — or Not?

As business leaders plan for the future, acquiring and retaining exceptional talent should be a top priority. Understanding where potential workforce vulnerabilities exist now or may exist in the future allows leaders to make more informed decisions about succession planning, restructuring and other issues.

One key question that many organizations need to answer is where their employees stand with regard to retirement. Are late-career employees having to work longer than they want?

Are any younger retirement-eligible employees preparing for a sudden exit? There are numerous reasons why employees today are commonly working to older ages than in the past: people are living longer, they are healthier, and advances in technology have eliminated many barriers to continued employment.

However, organizations that understand their employees’ retirement situations are better equipped to predict and address problems that could alter the natural progression of the workforce. One such problem could be a potentially less-productive portion of the workforce made up of employees who would like to retire but who are not yet financially prepared to do so. Another problem could be skill gaps that occur if employees retire earlier than expected.

Get the Publication

retirement readiness Download Now

Have questions? We have answers.

See how we can help. 

Contact Us

See more insights

Asian Businesswoman Contemplating Looking Outside Office Window

2025 Outlook for Pension Legislation, Rules and Litigation

Retirement plan sponsors: How will the new administration affect pension plans in 2025? Learn key areas of major policy and legislative change.
Two Firemen Charge A Residential Structural Fire With A Broad Spray Of Water From Hose

How Retirement Plans Can Help LA-Area Wildfire Victims

Retirement plan sponsors can make special distributions available to participants under the law given the recent disaster declaration.
Mature Businessman At Train Station Walking Up The Stairs

Treasury Proposes Rule on Catch-Up Contributions

DC plan sponsors: Learn about this guidance on Roth contributions and the special age 60–63 catch-up contribution.

This page is for informational purposes only and does not constitute legal, tax or investment advice. You are encouraged to discuss the issues raised here with your legal, tax and other advisors before determining how the issues apply to your specific situations.