Planning for and living in retirement requires some daunting financial decisions. How do you create a steady stream of income? What’s the best way to split your portfolio more… Is It Time to Retire These Retirement ‘Rules’?
As they age, retirees increasingly face the prospect of a large healthcare spending shock for medical issues or long-term care either because their health insurance involves significant cost sharing or they more… Thirty-One Percent of Retirees Would Consider Home Equity to Pay for LTC
Fifty years ago, the world dramatically changed for Americans saving for retirement when the Employee Retirement Income Security Act (ERISA) was enacted. In the latest episode of the Yahoo more… ERISA Turns 50: How One Law Revolutionized Retirement
While saving for retirement is the top financial priority for 88 percent of Americans, a new survey from global financial company Prudential Financial Group shows a disconnect between more… Prudential Survey Suggests Knowledge Gap Around Retirement Saving Best Practices
Alicia Munnell, former director at the Center for Retirement Research at Boston College and one of America’s top thought leaders on retirement policy, published a proposal for extending more… A Proposal to Fix Social Security
A record number of Americans turn 65 this year, and more women are set to outlive their husbands as female lifespans lengthen relative to men’s. As a result, more… Baby Boomer Women Deciding the Fate of Trillions of Dollars
As many as 452,000 Social Security recipients who’ve defaulted on federal student loans could be at risk of losing some of their benefits to garnishment by the Department more… Retirees With Student Debt Could Lose Some Social Security Benefits
Thomas Hager, who calls himself Mister Social Security, says the program is more confusing than ever. Hager published an article for Forbes.com that lists 25 facts to help more… 25 Social Security Facts For 2025
Homeowners 62 and older saw their housing wealth decrease by less than one percent in the third quarter to $14.01 trillion, according to the latest quarterly release of more… Senior Home Equity Moves Off Its High
Yes, it’s admittedly way too early to accurately predict what the Social Security cost of living adjustment (COLA) for 2026 will be. But based on the latest Bureau more… Initial 2026 Social Security COLA Prediction: 2.5 Percent
While there’s a plethora of information available on saving for retirement, much less is known on how we should spend those years. An article published by Business Insider suggests spending your twilight years more… Do You Want to Work or Play in Retirement?
Home equity loans, HELOCs and reverse mortgages can all be cost-effective ways to finance home improvements next year, according to CBS MoneyWatch. Why it matters: For those who qualify for more… Reverse Mortgages Good Option to Pay for Home Projects
The average homeowner has around $320,000 worth of equity in their home. That money can be accessed in a variety of ways ranging from reverse mortgages to home equity lines of more… Why You Should Get a Home Equity Loan for 2025
This year’s picks courtesy of The Wall Street Journal includes books about aging parents, preserving traditions and a podcast filled with unusual history. Go deeper: Among the recommended books was ‘How more… The Best Books and Podcasts in 2024 About Aging and Retirement
GoBankingRates.com ranked America’s safest and wealthiest retirement towns based on violent and property crime statistics, average retirement income for persons aged 65+, property values and a livability score. more… America’s 30 Safest and Wealthiest Retirement Towns
DepositAccounts, a personal finance web site affiliated with LendingTree, reported that the average 401(k) balance in the second quarter of 2024 was $127,100, while the average Individual Retirement more… Noteworthy 2024 Retirement Statistics
The survey conducted by the Transamerica Center for Retirement Studies finds that women workers believe they will need to have saved $500,000 by the time they retire to feel financially more… Women Believe They Need This Amount to Retire
Attracted by warm weather and low property taxes, Baby Boomers helped make the state’s rapid population growth the fastest in the nation in 2023. More than a third more… Baby Boomers are Flocking to South Carolina