Headlines
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,…
Boomers Waiting Longer to Retire
Retiring looks much different today to most people than it has looked in the past. Many are finding themselves working well in to retirement age either through necessity or boredom. 66% of Boomers are planning to or are already working…
Todays Retirement Plans
Many look to the past through rose tinted glasses, nostalgia is a powerful emotion and can distort how we view the recent past. This can even take hold in cases such as retirement saving and planning. Some experts compare todays…
White House on Middle Class Retirement
The White House issued a statement earlier today on retirement for the middle class in America. This statement outlines the rules finalized by the Department of Labor on how states can develop their own retirement savings plans for their workers.…