Latest News
Today’s retirement landscape
According to a new study conducted by the Indexed Annuity Leadership Council (IALC), almost four in ten workers will have to work part-time in their retirement years. Due to financial concerns, some workers will have to work longer than expected,…
The number one reason most people raid their nest egg
According to a recent report by GoBankingRates, the majority of Americans said they dipped into their retirement funds to pay off debt or bills. Among the other most common reasons cited were to cover a financial emergency or medical expense.…
Despite a surplus, Social Security isn’t in good shape
Yes, Social Security ran a surplus of more than $44 billion in 2017; however, there isn’t much to smile about beyond that. The recently released Social Security Trustees annual report confirmed last year’s finding that Social Security is on a path…
Medicare Advantage members are using digital health tools
Although a 77 percent of Medicare Advantage members are using mHealth tools to monitor chronic health conditions; however, the same cannot be said for their health plans. According to HealthMine’s Medicare Report only nine percent of those surveyed say their…
Three leaks that can sink your retirement plan
In a recent report from Washington, D.C. based investment advisory United Income, it found that while investment management costs for retail investors have dropped by more than 50 percent over the past 35 years, the benefits of lower prices may…
Just over half of U.S. households on track for retirement success
According to Employee Benefit Research Institute (EBRI), just over half, 57.4 percent, of U.S. households headed by individuals between the ages of 35 ad 64 are on track to cover 100 percent of the average costs for retirees in their…
Some people have no choice but to retire without any savings
Granted we have all been told we’re supposed to save money for retirement, but some people have no choice but to retire without any savings. Although retiring without a nest egg is not ideal; however, it can be done. Read…
More on Social Security’s Solvency Issue
Robert Pozen, senior lecturer at the MIT Sloan School of Management and a nonresident senior fellow at the Brookings Institution, presents an analysis of the financial implications of Social Security’s long-term solvency issue, and presents thoughts on corrective actions needed to address the problems. Read his…
The “Gig Economy” and what it can mean to younger workers
Some think the “gig economy”–the rise of short-term contract work–is more applicable to older, more seasoned workers, but that may not be the total case, The Motley Fool’s Maurie Backman takes a look at what younger workers gain from what she…
Helping Seniors Manage their Social Security Finances
World Elder Abuse Awareness Day arrives Friday, June 15, and what better way to call attention to provisions the Social Security system to help seniors manage their benefits. In an article posted today on syvnews.com, Social Security Administration public affairs specialist…