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These two common financial shocks can disrupt your careful retirement plans
All the careful plans to develop a retirement income portfolio that covers your expected living expenses may be lacking one thing: a plan to handle common financial shocks. The Boston College Center for Retirement Research (CRR) analyzed two common retirement…
Women relying too much on Social Security to be their primary source of retirement income
A large amount of women are relying too much on Social Security to be their primary source of income in retirement. The average recipient gets just $1,404 per month or $16,848 per year; clearly alone Social Security won’t cut it…
Imagine no monthly mortgage payments in retirement
Imagine no monthly mortgage payments. The prospect of retiring without a mortgage is an attractive one and achievable. If you goal is the peace of mind that comes with paying off your home loan before you reach retirement, the attached…
Ameriprise agrees to settlement with SEC
Ameriprise Financial Services agreed to a settlement with the Securities and Exchange Commission. The agency’s charges that the brokerage firm steered retirement savers into higher cost mutual funds than they needed allowing it to benefit from higher sales fees while…
Why Americans are not saving for retirement
According to a new study from Edward Jones, more than half of Americans aren’t actively contributing to a 401(K) account. The study also found 37 percent to an individual retirement account and only 18 percent to a health savings account.…
Retirement support group
There are all sorts of support and care groups for people going through transitions, but there aren’t any groups for people struggling with retirement. Why? Because how the general public perceives retirement. The article explains why retirement today is more…
Women have poor outlook on retirement
In a recent Nationwide Retirement Institute Survey found the majority of women have a poor outlook on retirement. In a similar survey conducted by The Harris Poll, a mere 25% of women answered that expect life will be better in…
Medicare benefits are overlooked, underused or misunderstood
Many of Medicare benefits are overlooked, underused or misunderstood. In 2012, less than 11 percent of Medicare beneficiaries took advantage of Medicare’s annual “wellness” visit according to the Dartmouth Institute of Health Policy and Clinical Practice and recent research suggests…
Why you should consider NOT claiming Social Security early
Deciding when to take your Social Security benefit is one of the toughest choices you have to make financially. Most people can claim their benefit as early as age 62, but you’ll suffer a permanent reduction of as much as…
Married couples retirement strategies
There are some key decisions you’ll make as a married couple involving retirement. The more planning you do on the front end, the better chances for enjoying a comfortable and rewarding retirement experience. The article outlines five strategies to help…