Latest News
Seniors and Student Debt…
The Consumer Finance Protection Bureau (CFPB) has published some alarming statistics concerning the number of seniors holding student debt. In fact, CFPB reports that “(t)he number of American consumers ages 60 and older with student loan debt quadrupled between 2005 and…
Postponing Retirement: Who’s Considering It and Why
With more than half of the workers age 60+ participating in a recent Harris Poll reporting they plan to postpone their retirement and remain in the workforce, CareerBuilder’s Rosemary Haefner, asses the impact this trend will have going forward. And it’s…
A Quick Review of FRA and its Implications
The Motley Fool’s Matthew Frankel, in a post today on www.fool.com, re-explains the full retirement age (FRA) concept, noting that a Fidelity Investments survey last year concluded that only about a quarter of Americans were aware of theirs. His post goes…
Some Social Security Basics
Social Security Administration public affairs specialist Essie Landry, in a post today on syvnews.com, reviews a series of beginner-type questions for those approaching the world of Social Security. Beginning with the mySSA subject and continuing through the timing of benefit applications, her…
Taking a Practical Look at the Social Security Trust Funds
Forbes contributor Elizabeth Bauer takes an in-depth look at the make-up of Social Security’s Trust Fund, from dispelling the rumors that swirl around the Trust Funds’ balances to the realities of how the accumulated funds are actually invested. As part of her…
An argument against raising the full retirement age
There’s more to consider when raising the full retirement age than just longevity and the cash outflow that would be save in the Social Security Trust Funds. As Reuters columnist Mark Miller points out in a post on money.usnews.com points out,…
Don’t make this common mistake when dealing with your 401(k) assets
According to the latest survey from the Employee Benefit Research Institute, one thing many people don’t know is what to do with the money in their 401(k) plans after they leave work. There are several good options for dealing with…
Habits of Success can lead to a higher retirement income
A recent white paper by Empower, a retirement company, notes that plan sponsors can foster what they identified as “habits of success” that correlate with significantly higher projected lifetime income when working years end. The paper, based on Empower’s seventh study…
What are the benefits of working until 70?
Over half of Americans fear running out of money in retirement more than they do death. And not everyone can work until they’re 70, but there are some pretty good benefits to holding off your retirement. The Motley Fool’s Michael Douglass takes…
There may be a difference between what your Social Security benefits will be and reality
A recent Nationwide Retirement Institute online survey focusing on adults aged 50 and older who either already are receiving benefits or plan to found that half lean on Social Security as their primary source of income, with 42 percent of future retirees…