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Individuals with longevity literacy tend to have better retirement readiness and experiencebetter retirement outcomes, he added.
In some of these countries, retirees savingstend to go further than in America.
What Makes a Successful Retirement System?
The U.S. For instance, it suggests requirements for minimum standards for rollovers from one workplace plan to another.
As for employers, it recommends flexible career paths, allowing workers to transition gradually into retirement.
Kolluri explained thataverage life expectancyhas increased 17 years since Social Security debuted nearly 90 years ago.
These countries have mandatory employer contribution, whereas in the U.S. and Canada, its voluntary.
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