Latest News
Words of Advice: Avoid Borrowing from Retirement Funds
The impulse to access your accumulating retirement funds to bridge yourself over rough spots can be tempting, but before you take that action, consider the long-term damage you may be doing. In an article posted today on www.stamfordadvocate.com, the folks at…
Surprise! Millennials Might Not be That Far Off the Mark in Retirement Planning
A recent survey by RBC Wealth Management suggests that the millennial generation (those with birth years from the early 1980s to the early 2000s) may not be as unaware of their financial situation as many pundits and media accounts claim. In fact,…
Thoughts on Drawing on Retirement Funds
As you approach retirement life, it’s important to give careful consideration to how, and in what sequence, you’ll be tapping your retirement savings. Frank Mokosak, Certified Financial Planner, offers some guidance on this subject in a post on www.desmoinesregister.com. Check it out…
Your Retirement Finances: How high is up?
So much has been publicized about the poor savings habits of people approaching retirement, creating a persistent question for many people about how much funding they need to have accumulated when they reach those “golden years.” It’s a question that…
Social Security at the Tipping Point: Things you should do
According to the last Social Security Trustee Report, the Social Security trust funds will reach the point of paying out more than they take in sometime around 2020. The long-term implications of this, of course, are that the accumulated reserves…
What Parents Can Tell Their Kids About Social Security
One of the tenets of parenting is to prepare your children for the world around them, and that certainly includes the world as they’ll know it when they reach the age of Social Security eligibility. Forbes contributor Winnie Sun provides…
Looking Ahead to the Social Security Trustees 2017 Report
June traditionally marks the time when the new Social Security Trustees report hits the street. As in the past few years, it’s expected that there will be intense focus on the solvency issue and who will be impacted by it…
Social Security and Disability: An Explanation of Relationships
Reuters columnist Mark Miller takes an in-depth look at the relationship between Social Security’s basic old-age provisions and disability in an article posted today on www.nasdaq.com. His post discusses the implications of proposed cuts to the disability and supplemental income portions…
Retirement Savings: A Bleak Picture?
A post on www.msn.com by Ester Bloom reports that “35 percent of all adults in the U.S. have only several hundred dollars in their savings accounts, 34 percent have zero savings and about half of U.S. families having no retirement…
The Changing Retirement Landscape: Workplace Pension Plans Continuing to Evolve
With more than half of America’s workforce participating in employee-sponsored retirement plans, it’s easy to see how the future of those “golden years” might be becoming cloudy. In fact, workers having the benefit of defined contribution plans has dropped substantially over the…