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The appeal of retirement age flexibility is the focal point of an actuarial approach to retirement spend-down that has spawned in response to the surge of baby boomers approaching retirement. The approach is based on personal asset/liability matching process and present values to determine current year and future year spending budget data points.
Retirement, or the practice of leaving one's job or ceasing to work after reaching a certain age, has been around since the 18th century. Retirement as a government policy began to be adopted by countries during the late 19th century and the 20th century.
In spring 2001, AARP began publishing My Generation targeting a younger Baby boomer audience. In 2002, AARP combined the resources of its two publications into a single magazine to be published six times a year called AARP: The Magazine. [6] The Editor-In-Chief is Robert Love, as of September 2020. [7] Love has held the position since 2013. [8]
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A continuing care retirement community (CCRC), [1] [2] sometimes known as a life plan community, is a type of retirement community in the U.S. where a continuum of aging care needs—from independent living, assisted living, and skilled nursing care—can all be met within the community. [3]
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