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Most of the baby boomers that will retire over the next two decades have very little savings for their retirement, with many having lost a lot of it when the housing bubble burst in 2006-07.
But many retirement experts say 401(k) plans won't provide a secure retirement for the massive late baby boom generation that will retire over the next 10 years.
The majority of general practitioners and specialists retire over the age of 60, which is much older than the average retirement age for the Australian population of 52 years [ 16].
The baby-boomers will retire over the coming decade.
That means that they will retire over a 19-year period.
In a statement, Mr. Clooney estimated that 75,000 of the industry's workers would retire over the next 10 years.
Millions of workers will retire over the next two decades, so spending cuts alone can't eliminate deficits.
More than 2.6 million baby boomers working in the industry are expected to retire over the next 10 years.
But The Columbus Dispatch, which first reported the decision, said that Mr. LaTourette decided to retire over a dispute with the leadership on committee assignments.
In 2010, power-plant owners across America announced plans to retire over 40 gigawatts roughly 12%—of their coal-fired capacity in favour of natural gas.
Rather, operating according to the auditor's recommendations, the bank will simply not replace half of the 5,000 employees it expects to retire over the next seven years.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com