Latest News
Even healthy individuals need to save for healthcare costs in retirement
Why would healthy individuals likely to have higher medical costs in retirement than their less-healthy counterparts? Because they will likely to live longer than average, and healthcare costs tend to increase at the end of the life. A recent report…
Things to consider as you prepare for retirement
For anyone getting close to retiring, there are some key aspects to your impending new status you need to review. While some people may have been saving and planning for decades for retirement, others might have given little thought to…
Learn how efficient Social Security is
Retirement before debut of Social Security in 1935 was a much riskier time of life for older Americans. The program was designed to help Americans live more comfortably in their post-work years, and it has been a resounding success. But,…
Some Americans say they will never retire
According to a recent poll from The Associated press-NORC Center for Public Affairs Research, nearly one-quarter of Americans say they never plan to retire. However, experts say illness, injury, layoffs and caregiving responsibilities often force older workers to leave their…
Who qualifies for a Social Security benefit
It’s no secret that Social Security each month sends out more than 61 million checks, but the program’s importance is not reflected in how much Americans actually understand the program. Myths and misconceptions abound, and those start with the basic…
The most common myths surrounding Social Security
The experts tell us that most people would be better off waiting to claim Social Security benefits, yet most people file early. Of course, some people have little choice since they may have no savings and no job. While others…
Claiming your benefits early will shrink them, but that may not matter at all
According to the Social Security Administration, 48 percent of married elderly Social Security beneficiaries and 69 percent of unmarried ones get 50 percent or more of their income from Social Security. So, it is important to make smart decisions regarding…
The Potential Impact of Underfunded Pension Plans
Although the article is focused on federal pension plans, the basic premise is universal: future pension obligations may not be keeping pace with the rate of growth in future liabilities. Journalist Gavin O’Toole, in a post on www.publicfinanceinternational.org, examines this developing crisis…
Will You Relocate in Retirement?
In a post on www.kiplinger.com, Kiplinger’s Personal Finance editor-at-large Janet Bodnar takes a look at the thought processes that often go through the minds of the newly-retired…to move or not to move. Bodnar points out that studies by Age Wave and…
More on Scams–Unsolicited Calls Again!
The Better Business Bureau is one again warning the public about the perils of unsolicited calls and the fraudulent acts that typically accompany them. This notice discusses a relatively new scam that has an air of believability around it, and…