Latest News
Are you better off claiming your Social Security benefits early?
Beginning at age 62, Americans who qualify have an eight-year window to claim their Social Security retirement benefits. Although you get higher benefits for waiting, there are still some good reasons for starting your benefits early that make good financial sense. This article…
For women it is crucial to claim Social Security benefits strategically
Millions of seniors rely on Social Security to pay the bills in retirement and because women tend to live longer than men, it’s especially crucial for females to claim benefits strategically. An estimated 74 percent of women currently collecting Social…
Redefining retirement
“We are in the midst of looking at the older adult in a different sense,” said Diane Heliker, associate professor of nursing at Saint Xavier University. This shift, where people in their 60s, 70s and beyond are redefining what it…
Companies are making improvements to their workplace retirement plans
A new survey by global advisory firm Willis Towers Watson of 349 large and midsize U.S. companies found companies have been making improvements to their workplace retirement plans. Many companies have booster employer contributions, added Roth 401(K) options, and made…
What to do if you’re a victim of ID fraud
According to Javelin Strategy and Research, about 16.7 million consumers were victims of ID fraud in 2017. For those individuals who were notified they were a victim of a security breach in 2017, one in five ended up being an…
Common Medicare questions answered
Medicare provides health insurance to older Americans after they retire. It is a complicated federal program that you need to understand so you get the coverage you need. The article address several common questions that people have about Medicare. Read…
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…