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Americans’ lack of financial acumen may be detrimental, quiz results suggest
With nearly three quarters of respondents failing a basic financial quiz, it’s clear that retirement financing could be problematic for future generations. Personal finance reporter Alessandra Malito examines some of the statistics from the quiz, nothing that “(a)lmost 75% of Americans in…
Improved Oversight Needed in Home Care
Improvements in data collection and reporting, stepped up audits, and improved monitoring of services were cited as areas needing attention in the realm of personal services provided to seniors. The matter was discussed yesterday in hearings conducted by the Energy and…
More to think about when deciding when to file
As you ponder the question of when to file for Social Security, there are several key areas you need to consider. Tony Perrone, president and founder of the Estate Planning Group offers some suggestions in a post on www.newsmax.com. Check it out…
Surprise! Retirement expectations are actually improving.
The results of a Gallup poll of “non-retired Americans” indicates that sentiments toward a comfortable retirement may be improving. In fact, compared to a year ago, those who believe they’ll have enough money to live comfortably in retirement is up…
Understanding the Social Security Earnings Test
Many folks begin drawing benefits earlier than their full retirement age (FRA), and there are often valid reasons for doing this despite the substantial reduction in monthly payments. But those who adopt this strategy also need to be fully aware…
Remember when a million was enough?
For many people currently navigating their retirement years, there was a time when having a resource base of a million dollars was a dream..one that meant you were set for a smooth and financially stable time in this phase of…
Some 2017 Changes that Affect Retirement Finance Planning
Several rule changes taking effect in 2017 have a tendency to complicate the planning process for those finalizing their retirement plans, as pointed out in an article by U.S. News & World Report’s Emily Brandon. The discontinuance of paper Social…
More on the savings (or lack there of) issue
Advising readers that there is a need to begin saving for retirement from their very first paycheck forward, FOX11 News offers comments on why the absence of accumulated savings is a major issue for future retirees. This excerpt from the…
A Look at the CPI for Seniors Act of 2017
The Motley Fool’s Sean Williams takes a look at H.R. 2016 (“CPI for Seniors Act of 2017”) introduced last month by John Duncan (R-TN). The bill is designed to replace the current Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W)…
There’s really no “magic” in your magic number.
The key to having financial stability in retirement is related less to how much you’ve accumulated and more to how much you’ll spend in those retirement years, according to an article by Ken Heise of the Heise Advisory Group. And…