savings
Social Security Insolvency: The News Got Worse
Many Seniors are already on edge about Social Security! If you pay attention to public media, you are surely aware that the Social Security Trust Funds are forecasted to run dry soon. Last year’s projection by the Trustees of the…
Stress-test your retirement plan regularly
Retirement planning is not set in stone; things change, such as inflation and changes in tax policy; however, some things don’t. Many retirees overlook the cost of healthcare and long-term care in retirement. Jonathan Ponciano, writing for Investopedia, asks if…
Americans retirement savings plans
The Board of Governors of the Federal Reserve System stated in its 2025 report that “Sixty-seven percent of adults had assets that are specifically designated for producing income in retirement.” These findings are echoed by Fidelity’s 2026 State of Retirement…
The Case for Lifetime Income
Although retirement savings have grown, most systems still leave individuals to manage the risk of outspending or outliving their savings on their own, according to the “The Case for Lifetime Income” research paper by the Prudential/Global Aging Institute. “Retirement security…
Shifting away from saving to spending in retirement
Retirement planning is not always about hitting a specific number, but it’s about creating certainty. “For decades, retirement planning has centered on reaching a specific account balance, but as clients near retirement, that benchmark often fails to address a more…
Debt relief strategies may protect your Social Security
The number of seniors in debt has been on the rise, with 97 percent of Americans aged 66 to 71 carrying an average non-housing debt of over $11,349. Carrying debt into retirement can feel overwhelming for those on a fixed…
Will inflation derail your retirement?
Twenty-five percent of the study recipients in Northwestern Mutual’s 2026 Planning & Progress Study stated that they are concerned about inflation and how it will affect their retirement. And the experts agree, “They’re right to worry, pros say. “Inflation can…
Who Will Solve Social Security’s Financial Crisis?
Congress has been kicking this can down the road for a long time. For several decades, the Trustees of Social Security have warned, in their annual report to Congress, that Social Security is facing a financial crisis. For many years,…
Claiming too Early Could Hurt Your Spouse Later
Deciding when to claim Social Security is always a challenge, and far too many make that decision without fully understanding the consequences. It’s confusing, especially since there is a window of about 8 years during which you can claim SS…
A Misguided Approach to Solving Social Security’s Financial Issue
In this somewhat scathing indictment, noted economist Alicia Munnell discusses a proposal by U.S. Senators Cassidy and Kaine to solve the Social Security program’s financial woes through borrowed funding. The so-called Cassidy-Kaine Proposal suggests that the federal government borrow $1.5…