This author has yet to write their bio.Meanwhile lets just say that we are proud mbeals contributed a whooping 58 entries.
Given the modest level of retirement savings many Americans have accumulated, most of us might need to forget about leaving a financial legacy to our children from our retirement savings. The reason? There’s a direct tradeoff between the amount of income we’ll receive during retirement and the amount of retirement savings that remains when we […]
A lot of older people don’t bank online. They prefer to visit the bank branch, where they might even have a favorite teller. That means employees at banks, credit unions, and other financial institutions are on the front lines when it comes to being able to spot possible financial abuse of the elderly. Read the […]
Workers of the small-business world: I’m worried about you. In particular, I’m worried about your retirement. Read the full article at Forbes.
In trying to figure out how to generate retirement income from your savings, it isn’t enough to simply consider your projected annual income under current economic conditions. You also need to consider how different retirement income generators, or RIGs, will perform in good times and bad (For more on this subject, also see my previous […]
Planning for retirement? If you are not, you should be. What’s becoming increasingly clear in the post-financial-crisis economy is that many people are unable to plan just when or how they’ll leave the workforce. Read the full article at U.S. News & World Report.
Just a week before Medicare’s annual enrollment period is set to begin, here’s something for married couples to consider: Just because you were on the same health insurance plan during your working years doesn’t mean you should opt for the same coverage in Medicare. Read the full article at Market Watch.
Companies that automatically place employees in 401(k) plans contribute less money to workers’ retirement accounts than companies that don’t automatically enroll employees. Read the full article at Los Angeles Times.
Employees in today’s job market are increasingly opting out of traditional workplaces to join the fast-growing ranks of the self-employed. Read the full article at U.S. News & World Report.
Americans say it’s tough to find trusted financial advice If you’re worried and uncertain about how to find financial advice you can trust, you’re not alone. Almost half of Americans said it’s hard to know which sources of advice to trust, according to a new survey. Read the full article at MarketWatch.
To set the stage for future changes, a new study from the Stanford Center on Longevity (SCL) and the Society of Actuaries (SOA) shows employers how they can help their older workers plan for a secure retirement. Read the full article at MoneyWatch.