Headlines
The Most Influential Factors Pertaining to your Retirement
Most choices about retirement come to a head when you reach your 60’s. At this age you start making decisions that will determine how financially comfortable your retirement will be. It is important when making retirement decisions to know how to get…
A Labor Day Primer on Savings Habits
Celebrating Labor Day gives us an opportunity to take stock on our current habits regarding savings…especially as it relates to saving for our retirement years. Chuck Jaffe of Marketwatch challenges us to do some “testing” to see how our savings…
Medical Spending a Growing Concern for Seniors
The proportion of available retirement income spent on medical necessities is looming as a major concern for America’s seniors. In fact, a study by The Senior Citizens League (TSCL) indicates that this category of spending accounts for over a third of…
Baby Boomers and Retirement–It’s Not All Bad News
Despite the repeated media coverage about the “Baby Boomer” generation’s lack of preparedness in the retirement financial planning arena, it’s not as bad as it might seem, according to Transamerica Center for Retirement Studies research. In its “17th Annual Transamerica…
Saving for Retirement: Some Basics
The editorial staff at benefit.news.com offer an analysis of some key financial milestones that folks looking ahead to retirement might consider. These milestones range from the rate of savings needed to ensure a comfortable retirement, to the customary drawdown rates…
Entering Retirement with Zero Savings
Much of the recent news and reports have been centered around the Baby Boomer’s lack of retirement savings, but studies have shown the Gen X is even worse off. Generation X has on average $194,000 in savings compared to Baby…
Supplementing Your Retirement
Most people entering retirement today are going to have a tough time financially. There are a few things that you can do to make it easier on yourself and help supplement your fixed income. Some of these tips require a…
Millennials Financially Supporting Boomer Parents
A turnaround is starting with the roles of Millennials and their Baby Boomer parents in who is supporting whom. More and more Baby Boomer retirees are finding that they can’t reasonably support themselves in retirement and their Millennial children are stepping in…
Reasons to Claim Earlier or Later
Social Security benefits become available when you turn 62 but can be claimed at any point afterwards. Most claim benefits at 62 or at full retirement age. While there are many reasons why you would want to claim early or…
A Primer on Retirement Savings Options
For Americans taking responsibility for their own retirement financial security, there are three basic options: a 401(k)-type plan, a traditional IRA, or a Roth IRA. An article by Lawrence Carrel posted on investors.com takes a look at who these three options differ,…