retirement planning
Skepticism is Building With Respect to Social Security’s Future
A study conducted recently by annuity and life insurance products provider PlanGap reports that 70% of the participants in their 2023 Social Security Confidence Survey are not confident in the federal government’s ability right the Social Security ship in time…
The Evolving Retirement Financing Landscape
No, it’s not just that Social Security is destined for some substantial reform (or, absent that, insolvency). The overall retirement financial planning panorama is on the verge of major shifting in the years ahead, according to post by U.S. News…
Retirement Savings Trends–An Upswing In Progress
A new report by Vanguard Strategic Retirement Consulting suggests that millennial and Gen Z workers are focusing more attention on saving for their “golden years.” In fact, the report notes that automatic 401(k) enrollments are resulting in these workers “……
Another Viewpoint on Social Security’s Future Financial Picture
Despite the incorrect title, an article by Simon Black a.k.a. James Hickman–the Founder of sovereignman.com–provides a glimpse of Social Security’s potential future in the wake of the much-reported depletion of trust fund reserves. What’s incorrect in the title, of course,…
Social Security: Planning for What Could Happen
The airwaves seem to be alive with new concerns about Social Security’s impending funding crisis, with the March 31 publication of the annual Trustees Report suggesting that the date for full depletion of the program’s cash reserve could occur a…
Retirement Planning and the “Adulting” Effect
In a post on the American Society of Pension Professionals & Actuaries (ASPPA), contributor John Iekel offers insights into the status of retirement preparation among young adults between the ages of 18 and 42 — adult children who hail from…
The Importance of HSAs in Retirement Savings Plans
Traditionally, most folks these days look to deferred compensation plans–IRAs and 401ks–as a primary source of wealth accumulation for retirement. This is especially relevant to the company-sponsored 401 k plans that offer an employer match. While all of this is…
Inflation and its Implications for Retirement Planning
Well, it looks like the days of controlled inflation are behind us for a while, despite rigorous attempts by oversight organizations to bring the economy back into a more favorable trajectory. Nevertheless, anyone conducting planning efforts for their retirement years…
What Secure 2.0 Could Mean for Your Retirement Planning
The much-discussed $1.7 trillion spending bill signed into law in December, contained a lot of items subject to ongoing scrutiny but, for those deep into retirement financial planning, the Secure 2.0 provisions embedded in the details should be studied carefully.…
New Rules for Retirement Account–A Quick Refresher
The recently-passed $1.7 trillion spending bill includes a host of big-ticket items, but one of the more obscure segments of the legislation has a direct bearing on many folks’ retirement financing strategies. If you are the owner of a 40a(k),…