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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…
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…