Latest News
Beware the dangers of homeownership in retirement
What are the advantages of owning your home in retirement? First, you own an asset that could be worth a lot of money. Second, you don’t have to worry about your mortgage payments climbing over time. Now, what are the…
What it will take to build a better retirement system
Most experts agree that it is necessary to boost retirement savings; however, they don’t all agree on how to go about it. In a recent webinar hosted by Brookings Institution entitled Building a Better Retirement System for all Americans, the notable experts…
Did you include these expenses in your retirement planning?
Nobody wants to go broke in retirement; however, you may find that your retirement will cost more than you planned. If you are worried about not having enough money in retirement, you need to become aware of the reasons that…
Four strategies to boost your Social Security check
In 2021, an average of 46 million Americans per month will receive a Social Security benefit of $1,544. The Social Security maximum benefit that an individual can receive per month in 2021 is $3,148. So how do you get a…
Retirees can be resilient and flexible and still be satisfied with life
Although many studies conclude that most pre-retirees haven’t saved enough money to reach a common goal for their retirement of replacing 70 to 80 percent of their gross pre-tax pay while they were working, but is this truly a crisis?…
The do-over option
Unexpected life changes may occur after you apply for Social Security retirement benefits. If you change your mind about starting your Social Security benefits, you can cancel your application for up to 12 months after began your retirement benefits. This…
Compelling arguments to start saving now
Bryce Sanders, president of Perceptive Business Solutions Inc., explains as a benefits plan professional, you might need to train employees on the idea of starting early to plan for retirement is better than waiting. However, if you need to make…
What Social Security’s shortfall means for you
The Social Security Trust Fund, which pays retirement and survivors benefits, will be able to pay scheduled benefits on a timely basis until 2033. At that time, the trust fund’s reserves will become depleted, and continuing tax income will be…
Strategies for lowering your health care costs in retirement
According to the experts at Fidelity, you will need about $300,000 to cover your health care costs, that’s even with Medicare, in retirement. That amount can seem daunting, but Kate Ashford points out some steps you can take to keep…
Are you on track to receive your maximum Social Security benefits?
Social Security benefits represent about 33 percent of the income of the elderly. Among elderly Social Security beneficiaries, 50 percent of married couples and 70 percent of unmarried persons receive 50 percent or more of their income from Social Security.…