retirement
Young Workers…Listen Up!
One of the most frequently-observed shortcomings in planning for retirement finances is the absence of a nest egg sufficient to support a desired lifestyle. If you’re at the brink of that life phase, there are few options available to you,…
Concerns Over Longevity and Financial Sustainability Growing
According to a recent Allianz study, “66% of Americans aged 45 to 65 with over $400,000 in retirement savings on average feel they’re at risk of running out of money during their golden years. And 61% think they’ll need to…
Social Security’s Gradually Declining Buying Power…And What You Can Do About It
The Motley Fool’s Maurie Backman, in a post on wcfcourier.com’s BUsiness page, highlights the 34% drop in buying power social Security beneficiaries have absorbed over the past 18 or so years, explaining the impact this has had on those reliant…
Understanding What Social Security Is Not
Social Security has an exemplary record of serving America’s retired workers and their families. Despite this record, it’s important to understand that there are aspects of social welfare that the program is not designed to accommodate, as explained by The…
Your Retirement Age…Don’t Believe What You Hear
When you make it known that you are thinking about retirement, there are often two sources of “expert” advice about Social Security that quickly become available…your neighbor on the left and your neighbor on the right. And these sources usually…
To be forewarned is, well, a good thing!
Many retirees make the mistake of underestimating the cash flow they’ll need in their retirement years. Planning is difficult, and many folks tend to put it off or just take a summary stab at it. If that describes you, know…
Couples: Retirement Planning is a Joint Responsibility
Many couples seem to be uncomfortable with “the talk” (about retirement finances), or perhaps unsure of how to actually focus on “the talk,” and that could be devastating to their long-term future. But the need to focus on savings, Social…
The Elusive Financial Independence
Today is Independence Day, and that’s a great milestone to honor. But for many Americans, true and absolute financial independence remains out of reach. The Motley Fool’s Sean Williams takes a look at statistics that say “Only one in 10…
Futureworld Thinking: How Retirement Systems need to Evolve
Transamerica Institute for Retirement Studies reported today on a “new global research released today. The New Social Contract: A Blueprint for Retirement in the 21 st Century is based on a 2018 survey of 16,000 workers and retirees in 15…
Losing Track of Financial Resources–A Growing Problem?
In a post today on professionalpensions.com, senior correspondent James Phillips reports on the results of a recent study concluding that a disturbing number of savers have lost track of pension accounts they’ve accumulated along the way. Phillips’ post notes that…