When It Comes To Personal Finance, Don’t Believe Everything You Read – Forbes/in Financial Security Articles, Financial Security Spotlights, Home Ownership, SCL News, Sightlines Financial Security, Sightlines Retirement /by admin
A Record Number of Folks Age 85 and Older Are Working. Here’s What They’re Doing./in Sightlines Financial Security, Social Engagement /by admin
Baby Boomers Look to Senior Concierge Services to Raise Income/in Sightlines Financial Security, Sightlines Retirement /by admin
In her 40 years as a photographer in the Denver area, Jill Kaplan did not think she would need her social work degree. But when it became harder to make a living as a professional photographer, she joined a growing army of part-time workers across the country who help older people living independently, completing household tasks and providing companionship. Elder concierge, as the industry is known, is a way for the semi- and fully retired to continue to work, and, from a business standpoint, the opportunities look as if they will keep growing.
The ‘Best’ Places to Move in Retirement? They’re All Over the Map/in Sightlines Financial Security, Sightlines Retirement /by admin
What’s the best place to live in retirement? New Hampshire boasts low taxes and a vital cultural climate. Mexico has warm weather and a low cost of living. The Provo-Orem metropolitan area of Utah, with about 115,000 residents, promises an outdoorsy lifestyle, proximity to Salt Lake City and plenty of opportunities to take classes at local colleges. All three were the top suggestions in recent retirement location rankings. And there are more studies — actually, many, many more.
Social Security is Designed to Replace This Much of Your Income (And It’s Not Even Close to 100%)/in Sightlines Financial Security, Sightlines Retirement /by admin
Social Security is, for millions of Americans, a vital source of income during retirement. According to the Center on Budget and Policy Priorities (CBPP), the mere fact that Social Security benefits are paid out to more than 41 million retired seniors each month has pushed the rate of senior poverty below 9%. Without Social Security income, the CBPP estimates that the poverty rate for seniors would be north of 40%! However, most working Americans, and even some retirees, don’t have a good idea of what percentage of income Social Security is designed to replace once you retire, and that’s a big problem.
The Mental Mistakes We Make With Retirement Spending/in Sightlines Financial Security, Sightlines Retirement /by admin
Imagine spending a lifetime acquiring habits that offer the promise of a longer, happier and more fulfilling life. Then imagine that to have that fulfilling life, you suddenly must abandon all those habits. Not easy, is it? But that’s what happens when people go from work to retirement, from saving money to spending it. Too often, the same personality traits that facilitate saving for retirement become impediments when it is time to spend that money. The mental tricks we employ while working become mental mistakes when we move into the next phase of our lives.
Analysis: How to Fix America’s Broken Retirement System/in Sightlines Financial Security, Sightlines Retirement /by admin
Three past presidents have tried in vain to fix America’s woefully underfunded retirement system. Presidents Bill Clinton, George W. Bush and Barack Obama tried to push retirement plans through Congress. All of them failed, most recently President Obama’s plan, which was to be called the Retirement Enhancement and Savings Act, died in Congress when President Trump took office. Trump currently has no plan to fix America’s retirement system. Messages to his office from USA Today were not returned. Trump plans to overhaul America’s tax system, but the 401(k) was not changed as part of any recent House Republican bill on taxes.
Household Formation Over Time: Evidence from Two Cohorts of Young Adults/in Home Ownership, Sightlines Financial Security /by admin
Much recent discussion has centered on the decline in the household formation of young adults during and following the Great Recession. Many young individuals chose to live at home rather than move out to form their own households, while others moved back in with their parents after previously living independently. Numerous reports and articles have explored the recent household-formation behavior of young adults, as economists, sociologists, and others try to determine why the number of young adults living independently has decreased.