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The Plight of Blue-collar Workers
The circumstances associated with blue-collar laborers tend to be quite different from what is commonly referred to as “professional” or “white-collar” work, especially when it comes to retirement planning. An article by Tom and John Mills, registered investment advisers and certified…
A 40-year Plan to Building a Million Dollar Retirement Fund
The Motley Fool’s Maurie Backman presents a “road map” to becoming a millionaire by the time you reach your full retirement age, and it’s really quite simple–mathematically, anyway. Her approach is to begin–at age 27–taking the maximum IRA contribution allowed and…
Suddenly single? Finances need careful and immediate attention.
Whether it’s a divorce or the death of a spouse, it’s critically important that anyone transitioning to single life take steps to ensure that their finances are brought up-to-date. Business and personal finance journalist Jennifer Waters examines the more immediate first steps…
Not participating in a 401k? Don’t despair…there are things you can do.
For those workers who are not participating in a 401k plan at their place of employment, it’s important to be aware of some other steps available to prepare financially for retirement. The Cheat Sheet’s Megan Elliott provides a rundown of a…
Social Security COLAs Lead to Income-Expense Gap for Seniors
Over the past five years, annual COLA calculations have attributed to a widening gap between income and expenses for America’s seniors, according to a survey by The Senior Citizens League (TSCL). “One would think that the CPI used to calculate…
Longevity Making Social Security Planning More Critical
With the continued rise in life expectancy–85 years for men, 88 for women–the importance of serious planning for Social Security benefits takes on more and more meaning. National Social Security Advisors Roy and Diane Thompson discuss this issue in an adrticle…
Filing for Social Security at 62 Still Prevalent
The percentage of people filing for benefits at the earliest possible age continues to be high, despite reports that the trend may be reversing. The Motley Fool’s Matthew Frankel takes a look at the year-by-year statistics on this issue, noting…
More Advice on Delaying Social Security
The Motley Fool’s Maurie Backman comments on the developing trend of delaying Social Security beyond age 62, citing inadequate cash reserves for retirement, good health, heavy debt, etc. as the primary drivers. In addition, her post highlights a growing awareness that…
Financial Trade-offs Between Social Security and 401k Draws
It’s a question many folks aging into retirement face….do I take Social Security before age 70 (or even before my full retirement age), or take 401k draws to supplement income in the early years of retirement. Noted Social Security specialist Laurence…
Stress in Retirement: A Look at How it Affects Folks
For some folks, the stress that came along with worklife doesn’t go away in retirement. So says a study led by Manchester University, examining 1,143 high, middle and low-grade civil servants working in London. The topic was also featured in…