The 401(k) has become the go-to retirement plan for many Americans and continues to gain traction. The flexibility, tax savings and scale of 401(k) [...]
The Covid-19 recession, like all recessions, threatens the wealth and retirement security of millions of workers. Job loss prompts people to stop [...]
You now have an extra month to lower your tax bill with contributions to your individual retirement account (IRA). Just like last year, the IRS [...]
A year has come and gone since the beginning of the Covid-19 pandemic in the United States in March 2020, upending all of our lives. Hundreds of [...]
See how the benefits of a fixed index annuity work together to keep retirement income planning on track. We look at six top fixed index annuity [...]
Figuring out if you can retire securely can sometimes feel like the most complicated math problem ever. Just figuring out which retirement number to[...]
his story is part of a series in support of America Saves Week 2021. Since 2007, this initiative has provided a call to action for U.S. consumers to [...]
These changes in Social Security taxes and benefits take effect Jan. 1 Every October, the Social Security Administration (SSA) announces its annual [...]
CORONAVIRUS Reactions to COVID-19 and the impact on consumer confidence is prompting many consumers to reassess their retirement and financial plans.[...]
FERS INFORMATION Eligibility is determined by your age and number of years of creditable service. In some cases, you must have reached [...]
Your Social Security benefit may be taxable. Try these strategies to reduce your tax bill in retirement. MOST WORKERS PAY INTO the Social [...]
Why you should look for other solutions first More than 4 of 10 jobs lost during the pandemic may never come back, the Becker Friedman Institute for [...]
The author offers an introduction to how annuities can help. For investors, the last twenty years have been something of a roller coaster. The [...]
For many Americans, retirement may look different in 2021 than it has in years past. The severe economic impact of the Covid-19 pandemic could push [...]
Considering annuities, insurance, new investments and delaying Social Security? With all the changes 2020 brought and a new year around the corner, [...]
It's a pivotal age for retirement planning — even if you aren't ready to retire yet Gone are the days when most people retired at 65, received a [...]
Over the last year, both before and after the current pandemic, there have been multiple law changes that have impacted retirement plans and [...]
The COVID-19 pandemic has upended just about everything this year, including retirement planning. Enough new rules governing Individual Retirement [...]
Should US retirees delay claiming Social Security until age 70, even if they have to spend savings until then? The Center for Retirement Research at [...]
Fixed indexed annuities (FIAs) address many basic retirement concerns: protection of hard-earned dollars, tax-deferred growth, balance, and lifetime [...]
And one other reason to keep working Being ready to retire means more than being ready to stop waking up at 6:00 a.m. to put in long hours at a job [...]
Durable power of attorney is one of the most important and useful documents you will ever sign. It is also one of the most dangerous if it falls into [...]
Millions of Americans expect their efforts to save for retirement to be derailed, perhaps permanently, by the coronavirus pandemic. That’s the main [...]
Don’t let the pandemic derail your plans for retirement These days, older workers and retirees are understandably concerned that their retirement [...]
Section 2202 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), enacted on March 27, 2020, provides for special distribution [...]
As the Coronavirus has spread in communities around the country, Americans are becoming increasingly concerned about the impact of the virus on jobs, [...]
COVID-19 has shaken America and the world, causing widespread social and economic upheaval. The most obvious and distressing cost is the tens of [...]
To redesign a retirement that builds the necessary financial resilience for longer lives, the World Economic Forum and Mercer have created a [...]
Using Annuities to Cover Basic Living Expenses for Life The names and numbers may vary but the situation is all too common. Approaching retirement at[...]
Given the current economic scenario in the backdrop of the ongoing public health crises globally, investing your hard-earned money in a suitable [...]
Know your full retirement age, coordinate the timing of benefit claims with your spouse, and weigh the advantages of delaying your Social Security [...]
Even in light of an all-consuming pandemic, there are some mega-trends that continue their powerful and profound impact on global society. One such [...]
With COVID-19 making headlines around the world, it’s normal to feel uncertain about many aspects of life right now, including your [...]
KEY POINTS The economic downturn prompted by the coronavirus comes at a particularly bad time for older workers. New research takes a [...]
They face particular challenges brought on by Covid-19 — issues, experts say, that could lead to retirement earlier than planned. Dorian Mintzer [...]
Recovery is starting quickly as states reopen, but the journey gets bumpier from here, Kelly and fellow strategist David Lebovitz warn. There is [...]
Now that we’ve entered a bear market for the first time since 2009, many pre-retirees are likely asking questions about the impact on their [...]
Americans without retirement savings are increasingly moving in with their millennial children. Sian-Pierre Regis, 35, is used to living with [...]
The economic gut punch of the COVID-19 pandemic is being felt by retirees. Even those who have savings and other resources now fear that the financial[...]
Right now, spending habits are changing, for better or worse. With unemployment at an all-time high and many people working from home, your budget [...]
The Washington Post spoke to six Americans who have come to the end of their work lives with no financial cushion, no nest egg. The coronavirus [...]
KEY POINTS About half of Americans retired earlier than they expected, according to a recent survey. Less control over your retirement [...]
As a licensed fiduciary for over 15 years and spending most of that time with retirees, I’ve heard the same desires and concerns repeatedly: They [...]
“Jobs Friday” is usually a nerdy day for financial types and economists only. But everyone was watching the most recent jobs report. I had a big [...]
By the time most of us reach retirement age, we feel as if we don’t have enough money to live the life we envisioned. Our feelings aren’t [...]
Here's how the ongoing crisis could wreck your long-term plans -- and what you can do to prevent that from happening. COVID-19 has turned the U.S. [...]
Now that we’ve entered a bear market for the first time since 2009, many pre-retirees are likely asking questions about the impact on their [...]
The COVID-19 pandemic could upend retirement planning, jeopardizing financial security for the next generation of retirees. Experience from the [...]
This lesser-known rule could potentially save you a bundle of cash. Millions of Americans have been directly affected by the coronavirus pandemic, [...]
Dick has worked as a hospital administrator for 30-plus years. He was planning to retire in a few months. COVID-19 just delayed his plans for many [...]
Dick has worked as a hospital administrator for 30-plus years. He was planning to retire in a few months. COVID-19 just delayed his plans for many [...]
With all that is going on in the market with the Coronavirus, we have received many requests to give our opinion on how long it will take for a [...]
Everything these days seems to be about coronavirus, coronavirus, coronavirus. Especially when you have a family, these can be scary times. So, first[...]
As we progress through life, we find there are certain things we can control and others we cannot. However, even with the things we can’t control, [...]
Taking these steps before you begin claiming can ensure you're receiving as much money as possible. The majority of retirees will depend on their [...]
Going through her mail, Kendra slices open an envelope from her preferred airline. Inside she finds a hefty gray card with her name etched on it. The [...]
New federal legislation made sweeping changes in retirement plans. Here's what you need to know. The new year has brought a number of changes in [...]
For many people, retirement is a key reward for decades of daily work—a time to relax, explore, and have fun unburdened by the daily grind. For [...]
Among the various kinds of annuities, which are contracts you sign with an insurance company to pay a premium for guaranteed income later, two of the[...]
From retirement plans to health care, things are changing A new year and a new decade begin next week. Whether you’re retired or still working, [...]
Every day, 10,000 or so baby boomers are turning 65. Some of you have probably already retired. Many are likely counting the days until they can [...]
WHEN YOU ARE READY TO retire, there are certain basic things you should do before you leave the comfort and security of your old job. You need to[...]
Both annuities and life insurance should be considered in your long-term financial plan. While both include death benefits, you buy life insurance in [...]
The new Setting Every Community Up For Retirement Enhancement (SECURE) Act, just signed by President Trump, is the broadest piece of retirement [...]
Retirement isn’t what it used to be. Today, not only are people working, traveling and living dynamic lives well past the previous generation’s [...]
As 2019 comes to an end, it’s worth taking a moment to reflect back on what took place in the retirement landscape during the past 12 months and how[...]
The Internal Revenue Service announced on Wednesday, November 6, that several contribution limits in qualified retirement plans will increase next [...]
You definitely want to avoid these at all costs. Millions of seniors today regard Social Security as a critical source of income. But if you're not[...]
Everyone’s idea of the “perfect retirement” is different. Some of us plan to travel the world, while others hope to move to a new location, [...]
The holidays are just around the corner, meaning it’s almost time to prepare for parties, travel, gift-giving and more. But what’s good for the [...]
Ensure you have the financial security to be in control of your retirement. Before determining if an FIA is right for your portfolio, [...]
One of the biggest challenges in retirement is building a reliable stream of monthly income to support you for what could be a very long time. While [...]
Washington, D.C. – U.S. News & World Report, the global authority in rankings and consumer advice, today unveiled the 2020 Best Places [...]
As National Financial Planning Month, October serves as a good opportunity for an annual check-up on your financial health to ensure you’re on track[...]
How to find coverage that meets your needs and budget Life insurance can form a vital part of your family’s financial stability and well-being but,[...]
Are you on track for retirement? These customizable calculators will allow you to run different scenarios and discover how small adjustments could [...]
Its No Myth, Lack of Diversity Puts Retirement At Risk. What Other Myths Need To Be Busted? There is a retirement crisis in America. 1 in 4 baby [...]
Earlier this month, the United States celebrated Grandparent’s Day, which serves as a reminder to appreciate the hard work and dedication of [...]
As both Self-Improvement Month and Self-Care Awareness Month, September serves as a strong reminder to take time out of our busy calendars and turn [...]
Corporate America really started to take notice of pensions in the wake of the dot-com crash, in 2000. Interest rates and stock prices both plummeted,[...]
Since 1971, the United States has celebrated Women’s Equality Day on August 26. Although the occasion originally commemorated the passage of the [...]
Entering retirement can be a particularly jarring experience for seniors, and not only because they’re leaving behind the familiar world of [...]
Nearly three in four affluent respondents to an Allianz Life survey said they'd be willing to give up some gains for protection. Second-quarter [...]
August is an exciting time of year. As the start of a new semester approaches, families across the country begin to pull themselves out of vacation [...]
Tax-free health savings accounts, Roth IRAs, insurance and annuities can help cover retirees' future health-care costs Here's a counterintuitive [...]
America’s senior citizens have their backs to the wall financially a new study confirms. Professor John Pottow, a law professor at the University of[...]
Financial stress is the number one source of stress for employees, according to a Price Waterhouse Coopers 2019 survey. Financial matters outrank [...]
You need to know how they work, because many financial planners recommend them to their clients for retirement planning purposes. In fact, one study [...]
Retirement is a stage in life that should be looked forward to and celebrated. But to get there, you have to plan accordingly. Like learning a new [...]
Take it from a professor who has spent the last 10 years focusing on the distribution phase of retirement, here are some lessons to live by. As a [...]
Fixed vs. variable annuities In a fixed annuity, the insurance company guarantees the principal and a minimum rate of interest. In other words, as [...]
For nearly a decade, the month of June has served as Annuity Awareness Month, a time to help financial professionals and pre-retirees appreciate the [...]
Bill Benson and his wife had planned to fortify their retirement savings once their children left home, so they’d have enough to travel and relax.[...]
This year has been an exciting time for retirement policy: Just over the horizon sit several potential updates to the laws governing how Americans [...]
DES MOINES, Iowa--(BUSINESS WIRE)--The simulations have been run and the numbers have been crunched: annuities help improve retirement outcomes [...]
LONDON — In this city known for grumps and complainers, the happiest people are those with a pension and those too young to understand how a pension[...]
While annuities have long been a viable retirement option, those new to retirement planning may discover a bit of misinformation about them. If [...]
Droves of retiring baby boomers are driving change in late-life transportation and travel. Health care and technology innovations are helping retirees[...]
10,000 simulations highlight impact of guaranteed income for retirees “If the hard numbers and math don’t convince you, then take it right from[...]
April is Financial Literacy Month and a reminder to examine your personal finance habits. A key element of financial literacy is how well-prepared you[...]
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