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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…
Key points to consider on surviving spouse benefits
There are two primary Social Security benefits that a surviving spouse may receive: one-time death payment of $255 and true survivor’s benefit. To receive the full survivor benefit, there are key points that factor into the amount you will receive.…
Are stock market gyrations a major obstacle to retirement?
A recent report by Gary Burtless, a senior fellow in economic studies and the John C. and Nancy D. Whitehead chair at the Brookings Institution, stated while usually drops in the stock market have “very limited impacts on the investment…
Have you factored in the cost of longevity into your retirement plan?
We are living in an age when medicine and technology are being designed to keep us living longer; however, will our retirement money last as long? One area facing retirees’ financial security is underestimating our longevity. Roughly 70 percent of…
Companies offer some form of severance and separation benefits
According to a “2017 – 2018 Severance & Separation Benefits Study, released by Lee Hecht Harrison and Compensation Resources Inc., employers continue to offer severance and separation benefits, but the terms and practices are becoming more flexible. The survey found…