Headlines
Personal defined-benefit plan
Corporate defined-benefit plans fell out of favor a few years ago; however, and few investors are even aware that they still exist, they are called personal defined-benefit plan. A personal defined-benefit plan provides a guaranteed payout in your retirement years…
Changes to retirement savings rules and limitations
The New Year brings changes to several retirement savings rules and limitations. Savings contribution limits have increased allowing you to add a bit more into these accounts. In Wendy Connick’s article appearing on The Motley Fool, she list the most…
What is the right age to retire?
The one question plaguing those planning for retirement: What age should I retire? Some people think 62 is the best while others think it’s better to wait until age 70 but is there really one perfect retirement age? The answer…
Retirement trends to monitor in 2018
The Institutional Retirement Income Council (IRIC), a think tank for retirement income planning community, expects 2018 will be a critical year as the industry looks for ways to enhance their ability to provide workers with a path to a financially…
National Retirement Risk Index improved modestly between 2013 and 2016
According to the Center for Retirement Research (CCR), the National Retirement Risk Index (NRRI) improved modestly dropping from 52 percent to 50 percent of working-age households between 2013 and 2016. Using the data information about household assets, liabilities, and demographic…
It pays to boost your Social Security knowledge
Social Security benefits provide a huge chunk of many retirees income; however, the program was never designed to replace their pre-retirement income in full. So, it pays to boost your Social Security knowledge to make the most of your benefits. The…
What happened to my cost-of-living increase?
Some seniors are asking “Why didn’t my Social Security go up?” despite the biggest cost-of-living adjustment in years. Beginning this month, Social Security benefits were slated to rise by two percent; however, some seniors won’t see any boost at all.…
Brushing Up On Your Social Security Knowledge
Many of you have probably seen references to the MassMutual Financial Group survey a few years ago that found only about a quarter of the 1500 people quizzed able achieve a passing grade (7 out of 10) on a 10-question true-false test about…
Taxation of Social Security Benefits Likely to Remain Unchanged
In the wake of the Tax Cuts and Jobs Act’s successful passing, it appears that the unpopular taxation of Social Security benefits will remain in place. As explained by The Motley Fool’s Sean Williams, repeal of this 35-year old provision is…
Retirement Financing–Saving Really is Critical
Josh Clark of HowStuffWorks.com, in an article posted on money.howstuffworks.com, offers an understatement about the art (or science) of planning retirement finances. His comment: “Saving for retirement can be a bit difficult to figure out at first.” His article goes on to…