savings
Is it an under-saving issue or a retirement crisis?
Do Americans have a retirement crisis or an under-saving for retirement issue? According to the Boston College Center for Retirement, their research shows almost 40 percent of working-age households cannot maintain their standard of living in retirement. However, 80 percent…
The risk of running out of money
Inflation is putting “more retirees at risk of running out of money,” according to a recent study published by Boston College. Who will be seeing this risk? Is it the wealthy retirees or the less-than-wealthy retirees? The less wealthy retirees…
Choosing the right self-employed retirement plan for you
According to the Bureau of Labor Statistics, almost 16 million Americans are self-employed. There are benefits to being self-employed, including being one’s boss, but there are downsides. One is you must take control of your retirement planning. It can be…
Have Markets already Privatized Social Security?
With a unique perspective John Tamny for Forbes explains how the markets have already adjusted to Social Security’s shortfalls. The 55 plus crowd, recognizing that Social Security will not sustain them in retirement, are saving and investing more now than…
Average Social Security Earnings in 2024
The average Social Security income shows why retirees need to also depend on other income, such as savings or (hopefully) a pension. Social Security as only meant to cover about 40% of post retirement expenses, as explained in this article…
Is 40 the new 65?
Do you believe 40 is the new 65 when it comes to retirement? If so, you are not alone. According to a recent survey by Qualtrics, almost 25 percent of younger Millennials and Gen Z workers plan to retire by…
Would a national retirement plan raise savings rates?
A recent survey found only about half of Americans have retirement accounts. But what if every worker was enrolled automatically in a retirement plan? According to a recent study by researchers from Princeton University and the Treasury Department, a national…
Super savers and taxes
Are you a super saver? Are you part of the one-third of American retirees that have a plan to reduce taxes on your retirement savings? The new age for taking required minimum distributions, or RMDs, is now 73, which could…
Why is the average Social Security benefit so low?
Regarding Social Security benefits, it is not the same amount for everyone. Many factors will impact the benefits you will receive – how many years you worked, how much you made during your career, and when you decide to begin…
Women are lagging behind in saving for retirement
There is a retirement crisis looking for women. According to a recent survey by Prudential Financial, women have only saved about one-third of the amount men have for retirement. Women were three times more likely to be focused on their…