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Three retirement planning tips all Americans should know and use
Many people find saving for retirement difficult, but with a good working knowledge of a few key retirement savings concepts it doesn’t need to be. By using the three retirement planning tips listed in the attached article, you can put…
HSA participants do not see them as a tax savings or retirement tools
The 2018 Alegeus’ HSA Participant Profile report found while health savings accounts participants see them as an important part of their medical insurance strategy, participants do not see them as vehicles for tax-savings or adding to their retirement accounts. The…
Expensive drugs are playing a major role in the cost of health care
According to a new report conducted by Sun Life, the largest independent stop-loss provider in the U.S., the number of patients whose medical care cost at least a million dollars over the course of a year rose by nearly 90…
What happens when you postpone your retirement months instead of years
A study published in the National Bureau of Economic Research (NBER) suggests you would only need to work an extra three or four months beyond your full retirement age to equal an additional one percent retirement savings over the thirty…
Can delaying retirement really pay off?
According to a recent survey by the Transamerica Center for Retirement Studies, more than half of workers expect to work beyond age 65 and one in eight say they don’t plan to retire at all. However, experts say planning to…
5 reasons companies are bringing back retired workers
(By Leo Vartorella for Becker’s Hospital Review) As the pool of workers has shrunk with declining unemployment rates, companies are turning to retired employees to help with staffing, according to The New York Times. Continue reading article here… Notice: The link provided…
Planning for healthcare expenses in retirement
While Medicare does pay for the bulk of hospital related expenses, there can be thousands of dollars in out-of-pocket healthcare expenses. Retirees on average will face $4,300 in annual out-of-pocket healthcare expenses according to a report by the Center for…
Secure Choice – Illinois state-sponsored retirement program
Illinois is the second state in the U.S. to enact a program that will automatically deduct money from paychecks of about 1.2 million Illinois residents for retirement savings. By November of 2019, all companies with 25 or more workers must…
If you are in your 50’s, its crunch time for saving for retirement
If you are in your 50’s and you set a retirement savings target but have been neglecting it, you need to dust it off for a careful review. According to National Association of Personal Financial Advisors, you should be looking…
Be aware of these three ways you could reduce your Social Security benefit
The vital source of financial security in retirement for millions of Americans is Social Security; however, without knowing it Americans could lose some of their benefits. In the attached article by Matthew Frankel, he reviews three important benefit-reducing things Americans should…