Sometimes the writing is on the wall Retirement may seem untenable with inflation soaring and gas prices skyrocketing, but for some older adults, [...]
A long and happy retirement takes more than just money. Here are seven things happy retirees do – besides dutifully saving the money they’ll need [...]
Coronavirus scams keep coming as fraudsters follow the headlines The COVID-19 pandemic continues to fuel a parallel outbreak of coronavirus scams, [...]
With no spouse and no children, she's looking elsewhere for backup The Problem Elizabeth Spiegler, 68, a retired office manager in New York City, [...]
Talking about who will control your assets is tricky; doing it slowly may help My husband and I have never told our adult children, now in their [...]
A long and fulfilling retirement takes more than just money. Here are seven things happy retirees do – besides dutifully saving the money they’ll [...]
The reality of quitting work can be far different from the fantasy. Here's what you need to know Even if you love your job, there are times when [...]
Couples on their second marriages need to plan carefully for each other and their kids A second marriage can be a balm for the heartache of losing a [...]
In 2007, at age 52, I was forced to retire overnight. An MRI had revealed a tumor, the size of a large eggplant, sitting on my pelvis. In 98% of [...]
Prepare for the monetary shock of widowhood When you lose your mate, you lose so much—your best friend, your equilibrium, your future together. And[...]
Thinking about retiring? The keys to contentment are at your fingertips Some might say that an ideal retirement would find you waking up in a private[...]
Caregivers can play a key role in keeping criminals at bay It’s a sad fact of life: Criminals target older Americans for fraud. Many older folks[...]
Steep rises in energy, housing, food WASHINGTON — Inflation soared over the past year at its fastest pace in more than 40 years, with costs for [...]
Economic downturns are inevitable. Here's how to protect your retirement nest egg Sooner or later, the economy will fall into a recession, because [...]
IRS tax code offers perks to taxpayers of a certain age If you’re 50 or older, there is one benefit to reaching this milestone that you may be [...]
Social Security retirement benefits are primarily based on two factors: your average income over your working life and your age when you [...]
How to get control of what you owe For Gail and Tony Dean, the crisis came as they approached 50. Living in South Florida, they decided to [...]
5 things loved ones will have to do to settle your accounts How many times have you told your loved ones that you don’t want to be a burden, and [...]
The answer: $1,000 more than you could in 2021 A 401(k) plan is a great way to increase your retirement savings. Your employer will deduct your [...]
For many financial documents, just 3 years — for others, practically forever You may be starting at a heap of paperwork when you finish filing your[...]
You'll get better savings rates but higher borrowing costs this year The Federal Reserve is raising borrowing costs to cool the hottest inflation [...]
There are probably thousands of articles published every day on how and why to eat well and exercise. And yes, these are critical endeavors for [...]
Benefits are going up, but so are the Medicare premiums deducted from monthly checks Social Security beneficiaries will have a lot to cheer [...]
Making a retirement plan requires more knowledge than you might think. You'll need to understand how inflation affects your investment account; how [...]
Fixed index annuities can help you accumulate money for retirement and provide guaranteed income after you retire. A fixed index annuity may be a good[...]
Purchasing life insurance is a big deal. If you want to be sure your family is covered if something happens to you, choosing the right policy is [...]
It hasn’t been an easy couple of months for savers. At the height of the pandemic in April 2020, Americans’ personal savings rate – the [...]
Changes in contribution limits, taxes, Social Security benefits, Medicare premiums and more We all get sentimental from time to time, but unless you [...]
What You Need to Know The government is confusing. Stock market gains are high, for now. The Secure Act is turning employer-sponsored [...]
As volatility creeps back into the marketplace the need for the guarantees that only annuities provide is only going to increase. Retire with [...]
New full retirement age is 67 for anyone born after 1960 There is good and bad news for older Americans: The Social Security full retirement age [...]
As we head toward 2022 and see more Americans reaching their mid- to late 60s, it is a great time to revisit how annuity products can be used to meet [...]
Eliminating these expenses means substantial savings in retirement. Lower your expenses. Many retirees are tempted to spend more money [...]
Starting the new year off with a strong, strategic financial plan to kickstart your financial goals for the next 12 months can have a lasting impact [...]
Social Security survivors benefits are paid to widows, widowers, and dependents of eligible workers. This benefit is particularly important for young [...]
Harry N. Stout, author and podcast host at the FinancialVerse says that 2022 will be the year that consumers proactively reach out for information[...]
The end of the year provides a good opportunity for reflection. The past 12 months brought plenty of opportunities to make financial strides — and [...]
Understanding the various types of annuities and how they work If you are considering buying an annuity to provide steady income during retirement, [...]
KEY POINTS The Covid-19 pandemic has prompted people to rethink both big and small life goals. For 2022, it’s “super important” [...]
Inflation is here. The most recent Consumer Price Index (CPI) inflation report showed that prices rose across the board in November. By a lot. [...]
What to do now, as the pandemic surges yet again in the U.S. COVID-19 is still raging throughout the U.S., and in much of the world it has never [...]
There's still time to give your savings a good boost before you retire If you're between 55 and 64 years old, you still have time to boost your [...]
Different phases call for different strategies If you’re physically healthy and financially prepared, your retirement could last for decades. [...]
Staggering your retirement date from your spouse may benefit you both Many working couples dream of the day when they can retire and sail off into [...]
The income ranges, adjusted annually for inflation, determine which tax rates apply to you You may be making plans for filing your 2021 [...]
Planning ahead is one of the best ways to prepare for a comfortable retirement. From keeping track of your savings to adopting strategies for [...]
Steps you can take to avoid disagreements over spending and much more You've looked forward to retirement for decades — the chance to slow down the[...]
What Is Financial Independence, Retire Early (FIRE)? Financial Independence, Retire Early (FIRE) is a movement of people devoted to a program of [...]
Working at 50+ From flight attendants to grocery store managers, older adults made the tough decision to end careers Retirement is supposed to be a [...]
What Is Financial Health? Financial health is a term used to describe the state of one's personal monetary affairs. There are many dimensions to [...]
Few are prepared as financial decision-making grows more complex Many consumers have little understanding of finances, how credit works, and the [...]
What to do now, as the pandemic surges yet again in the U.S. COVID-19 is once again raging throughout the U.S., and in much of the world it has never[...]
KEY POINTS The Covid-19 pandemic has hurt some Americans’ confidence that they can meet their retirement goal date on time. Among [...]
Studying behavioral economics has taught me that our brains don’t make it easier for us to save. Psychology is often just as important in [...]
If you earn money from the sale of a capital asset — your home, part of a business, stocks, or bonds, for example — that profit may be subject to [...]
Most people over 65 will eventually need some form of paid care. Here are some ways to plan ahead. Many people are frightened of long-term care [...]
If you want to retire in the next 10 years, lower your spending and increase your income. Paying off debt can give you more money to save and [...]
More people are retiring with less savings than they need to be comfortable. Much less. According to Northwestern Mutual, 21% of Americans have no [...]
Going from saver to spender is mostly a matter of psychology It's Time to Wind Down You've done all the right things—financially speaking, at [...]
No matter what stage of life you’re in, one thing will always remain the same: You’re never too young — or too old — to save money. Using [...]
If you want to retire in 10 years, it might be possible. But it'll require some work. Getting your finances in order now can help you meet your [...]
Annuities are contracts issued and distributed (or sold) by financial institutions where the funds are invested with the goal of paying out a fixed [...]
IDENTIFY RETIREMENT STRATEGIES TO PUT IN PLACE NOW—LIKE ANNUITIES— TO LIVE RETIREMENT ON YOUR TERMS. As the pandemic [...]
YOU MAY NOT BE FAMILIAR with annuities, but they have a rich history dating back to Ancient Rome. In fact, millions of Americans currently use [...]
Workers want to retire at 55, but are they positioned to successfully do so? The category of “pre-retirees” is being redefined as more than [...]
Like previous pandemics, COVID-19 has touched off profound changes for our societies, economies, workforces, and overall life models, not least of [...]
Retirement planning is a multistep process that evolves over time. To have a comfortable, secure—and fun—retirement, you need to build the [...]
How to Retire in 2021 When you are ready to retire, there are certain basic things you should do before you leave the comfort and security of [...]
New rules for savers, beneficiaries and taxpayers Most people will miss 2020 about as much as they miss mosquito season. For many retirees and [...]
The pandemic may have hit your wallet hard. Here are some lessons we can learn from this unprecedented time. he reverberations of the COVID-19 [...]
Pandemic-related job losses forced many older Americans out of the workplace in the past year, perhaps permanently. But the COVID-19 crisis also seems[...]
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 [...]
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 [...]
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