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Taxes are always with us
Even in retirement, taxes are a part of the American experience. Retirees must be mindful of how your income strategy affects your tax obligations and how that can impact your overall financial picture. There are several factors at play when…
Health Savings Accounts still generate a range of questions and misconceptions
According to Fidelity, the nation’s largest 401k record-keeper, a 50 percent rise in HSA assets so far in 2018 when compared with last year. Fidelity found 25 percent employees with access to an HSA are now using one of the triple…
Is your adviser confident in helping you maximize your Social Security benefits?
The Nationwide Retirement Institute surveyed advisers and found 62 percent of advisers say their clients frequently ask them about when to collect Social Security. However, in a separate consumer survey, Nationwide learned that only 13 percent of American workers have…
Some people are running out of money in retirement, but many are refusing to spend it
A recent focus group study conducted by a Society of Actuaries (SOA), showed that people want to maintain or increase asset levels in retirement and retirees are reducing their standard of living because they don’t want to spend. The question…
Special strategies for single retirees
According to the U.S. Census, roughly nine percent of those who are 50 or older had never married, and about one-third of baby boomers don’t have children, and others will age alone for other reasons. Those reasons could include: the…
Ways to boost your retirement savings
Nowadays retiring rich is definitely harder. Wages, for the bottom 90 percent of earners, real income outright fell between 1972 and 2013 and at the same time, jobs with employee pensions have all but vanished, severely limiting available means of…
Overlooked ways to make your money last in retirement
The Federal Reserve rate hike of a quarter point should be good news for retirees; however, the rate hike might not be enough to help create a source of reliable income that retirees really need. The rates are ticking up…
Worldwide, workers are not prepared for retirement
According to the Aegon Retirement Readiness Survey 2018, worldwide workers didn’t seem to realize that changes in the labor force, tech and climate will affect their retirement plans. The survey also measured how well people understand basic financial concepts; many…
The coulda, woulda, shoulda lessons current retirees picked up along the way
While planning for retirement it’s nearly impossible to anticipate every potential bump in the road. Julie Virta, a blogger for Vanguard, asked retired investors to share some things they would have done differently or not at all. The attached article…
The average Millennial plans to retire at age 56
According to TD Ameritrade’s 2018 Millennials and Money Survey, Millennials have high expectations about when they plan to retire and how much they plan to retire with, but achieving their desired goals will take some adjustments. The average Millennial expect…