NEW ORLEANS -- Hugh Thompson Jr., a former U.S. Army helicopter pilot who rescued unarmed Vietnamese civilians from his fellow GIs during what became known as the My Lai massacre, died early Friday, his biographer and a hospital spokesman confirmed. He was 62.
Most workers (65 percent) base their retirement date on their eligibility for Medicare at age 65, Towers Watson found. Continuing to work for a company that provides benefits is one of the most cost-effective ways to find health insurance before age 65.
Start saving at 25 and you only need to earmark 10% of your annual salary to retire at 65; if you wait until 70 to quit working, you'd have to save only 4% annually. The numbers are much worse for those who start late. If you waited until age 45 to start saving, you would need to put aside an unrealistic 27% of your salary for retirement. This would pretty much force you to work until age 70 so you could save a more realistic 10% annually.