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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…
Some thoughts for those approaching retirement…
You’ve read the reports that say Americans aren’t well prepared financially for their retirement years. If that description fits your situation, this article by Maurie Backman of The Motley Fool offers some things you might want to consider. Read her…
Understanding RMDs…A Key Part of Your Retirement Financing Strategy
As you head into retirement, it’s no secret that you’ll need to make the mental shift from accumulation to distribution. And that’s where RMDs–Required Minimum Distributions–come in. Certified financial planner Herb White, in a post on www.myprimetimenews.com provides an overview of RMDs…
Three Million Boomers Heading for Off-Shore Retirement
Online business publication Travel Market Report, reports that over 3 million American Baby Boomers are planning to retire abroad. That’s a substantial jump in the number (approximately 350,000) of Social Security beneficiaries currently receiving their checks offshore. Fox Business reporter Casey Dowd…