Latest News
Are defined benefit pension plans dead?
Are defined benefit pension plans dead? No; however, many large companies have terminated or frozen their pension plans and shifted the burden of investing to their employers. Unlike a 401(k), what you get to contribute to a defined benefit plan…
Do you still need estate planning?
With the passage of the Tax Cuts and Jobs Act of 2017, some people may be wondering whether estate planning matters anymore. Yes, There are still many reasons why estate planning remains relevant. Estate planning can help reduce overall costs and…
Are reports of Americans’ retirement savings inadequacy overblown?
At the Plan Sponsor Council of America (PSCA) conference, Andrew G. Biggs, resident scholar at American Enterprise Institute (AEI), suggested reports of Americans’ retirement savings inadequacy are overblown and offers data to back that up. He argued that the Current Population…
Mulling a move overseas?
According to the State Department nine million American citizens reside overseas. Some Americans are finding that they can better fulfill their retirement dreams with a move abroad. The article at GOBankingRates lists top ten choices. Read article here… Notice: The link provided…
Preparing for healthcare costs in retirement
Healthcare costs are keeping roughly a quarter of current retirees from living the lives they expected according to new data from the Nationwide Retirement Institute. The data also shows 80 percent of seniors retired for 10 years or more say…
Women: 10 ways to cope and thrive in retirement
Most women over 50 are keenly aware that they have fallen way behind men when it comes to retirement preparedness. The good news is, there are ways women can prevent financial destitution in retirement. The attached article gives ten suggestions…
Should you age in place or move?
According to a recent blog post from Vanguard using data from Freddie Mac, 63 percent of homeowners aged 55 or older said they plan on aging in place. However retirees have options in terms of where they live out their…
Effectively managing your debt
Retirement researchers are worried that debt may be eroding the long-term financial security of many workers who are nearing retirement. Boomers have an average of $188,828 in mortgage debt and $27,513 in non-mortgage debt according to a 2017 study by…
my Social Security Saves You Time for the Important Things
(Source – blog.ssa.gov) Time is our most valuable resource. How you spend it is important. A my Social Security account helps free your time for the important things. What is a my Social Security account? Click here to watch video Notice: The link provided in…
Why retirees fear Social Security’s future
According to the just released 2018 Retirement Confidence Survey from the Employee Benefit Research Institute, fewer than half of retirees believe the value of future Social Security benefit will be at least as high as what today’s recipients get right…