retirement
Does Old Age Mean Hardship for You?
A Wells Fargo online survey of over 3500 working and retired adults conducted earlier this month revealed that 40% of its respondents felt that a life span exceeding 85 years brought with it a financial hardship. But there’s a solution,…
Social Security Benefits: The Importance of Patience
A surprisingly high number of folks opt to file for their Social Security benefits at the earliest possible point (age 62), and although this trend is declining a bit, it’s still a high percentage. The result, of course, is that…
Behind on Savings? Social Security Won’t Carry You Completely in Retirement.
Many media reports have highlighted the inadequate saving habits of Americans, especially those aging into (or already in) their retirement years. Unfortunately, as the staff at The Motley Fool points out in a post on their website, this lack of…
Retirement Planning–Some Trends to Be Aware Of
Forbes contributor Greg Herlean, in a post on their website, takes a look at some definite trends that have evolved in recent years in the word of retirement planning…and they’re not necessarily positive trends at that. The good news is…
Your Retirement and Health Care Expenses
Many retirees will be surprised, and not pleasantly, to know that healthcare expenditures are statistically expected to “consume around one-third of the total amount of monthly benefits seniors receive from Social Security.” So says The Motley Fool’s Christy Bieber in…
Boomers: Some Thoughts on Retirement Strategies
MoneyWatch’s Steve Vernon, in a post on www.cbsnews.com, examines the dilemma faced by many members of the “baby boom” generation–inadequate financial resources for their years in retirement. As he points out in his post, those falling into this category “……
Retiring a Millionaire: Not Just for the Uber-rich
A recent report from United Income states one out of every six retirees is a millionaire. The number has more than doubled since 1989, in part due to inflation but also because seniors are in fact becoming wealthier. The key…
Estimating Retirement Income Needs…An Area of Particular Import to Women
According to a post by MarketWatch’s Alessandra Malito, “(o)nly slightly more than a third of women know how much to expect in retirement income.” Consequently, they face potential financial problems when they reach that point, especially if they’ve been unable…
The Unintentional “Forever Career”
“Retirement savings, or lack thereof, represent a crisis for many Americans.” That’s a quote from an article by WFAA-TV’s Jason Wheeler posted on on www.wfaa.com. His article, supported by a video presentation describing the financial crisis facing many retirees–current and…
Dealing with Taxes in Retirement
Call it a “time bomb” or a “torpedo” or any other term that applies to something that can sabotage your retirement financial planning, but know this…paying taxes, for many (or most) of us, does not end at retirement. Columnist Peter…