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This study examines differences in retirement decisions between older Hispanics and non-Hispanics, with a special focus on the role of nativity. We use 1998-2012 waves of the Health and Retirement Study to estimate survival models of retirement and compare retirement transitions for U.S.-born Hispanics, foreign-born Hispanics, non- Hispanic Whites, and non-Hispanic Blacks. We find that Foreign-born Hispanics retire significantly later than other racial and ethnic groups. Controlling for personal characteristics, their risk of retirement is 39% lower compared with non-Hispanic Whites. Retirement transitions do not differ significantly between U.S.-born Hispanics and non-Hispanic Whites. Difference in retirement timing between U.S.- and foreign-born Hispanics may partly be due to lower incomes and wealth accumulation of foreign-born Hispanics. Workforce development initiatives, policy initiatives promoting retirement savings, and Social Security reforms could improve future retirement security for older Hispanics, and make retirement a viable option for more foreign-born Hispanics.

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