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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…
Social Security: Dispelling the Myths
As the old adage goes, don’t believe everything you hear. And when it comes to programs like Social Security that are key to you financial well-being in retirement, that’s particularly sound advice. Yet many folks continue to espouse some very…
The Role of HSAs in Retirement Planning
Tax-advantaged savings plans designed to offer relief for those with high-deductible health insurance can also serve as a generous supplemental retirement savings tool. Certified financial planner Steven Van Metre takes a look at how HSAs are structured and how they can morph…
Understanding COLAs and Medicare’s Hold Harmless Provision
It’s that time of the year–the early comments about what cost-of-living adjustment might be in the offing for Social Security beneficiaries in 2019. Talk of a 3% bump are in the air but, as The Motley Fool’s Maurie Backman cautions, don’t…
Planning on working in retirement? You’re not alone.
It’s not your father’s retirement. Or your grandfather’s retirement. It’s yours, and it’s your responsibility to plan for it. And one of the new aspects of this planning process seems to be the inclusion of a job in those retirement…
The Trend to Work Past 65 Explained Via Real Stories
In an article titled “Baby Boomers share why they’re still working hard,” the New York Post’s John Crudele provides several real-life accounts of the reasoning behind folks electing to remain in the workforce beyond what was traditionally thought of as…