Why Social Security isn’t going broke
The worry that many feel about the possible reduction in their future retirement benefits as a result of Social Security's dwindling trust fund is misplaced, says an expert.
Social Security
Why didn’t many retirees see a Social Security increase?
Although the cost of living adjustment increased 2% this year, half of retirees cannot expect a substantial increase in their benefits.
401(k): Risks and rewards for the rest of 2018
Despite the bumpy ride for 401(k) plans in the first half of this year, some analysts say investors can expect a better scenario for the remainder of 2018.
Baby boomers are ready to retire; their debt isn’t
Debt among 65-year-olds has increased by 48% between 2003 and 2015, according to research by the Federal Reserve Bank of New York.
The next bear market will spark a retirement crisis
While many retirees have prepped well for whatever the economy and markets may bring, far too many others have not, an expert says.
Retirees reluctant to spend their savings
Retirees have median savings of $839,000, but many of them are unwilling to spend away their nest egg.
3 simple steps to help protect your client’s legacy
Clients are advised to keep track of their financial information and have a trusted person who knows where to locate it.
4 Social Security myths and the reasons why they’re overblown
One of the misconceptions is that payroll taxes should be raised and benefits should be cut considerably to save the program.
Rising interest rates give retirees good news and bad news
Rising interest rates can be a boon for seniors seeking better returns from low-risk investments, but can hamper other clients with adjustable-rate mortgages.
The smart retirement move 42% of Americans plan to make
Those who can't downsize can still rent out a portion of their property to help cover expenses.
Retiree do’s and don’ts in a rising-rate environment
After the Fed raised rates, many market participants with fixed-income-heavy investment mixes are wondering what a period of rising interest rates could mean for their portfolios.
401(k) investors: Why boring municipal bonds are exciting for investors
Municipal bonds can be a more lucrative option for some retirement savers than comparable, higher-yielding bonds.
Public pensions need to consider that beneficiaries are living longer
“Public pension plans continue to bury their heads in the sand living in a time warp of decades-old actuarial assumptions,” says a former Connecticut state treasurer.
How much tax should workers withhold from pensions?
Seniors receiving pension payments should ensure that their tax withholding is enough to cover the tax liability on the income and avoid trouble with the IRS.
Will Social Security be standing by the time workers can take it?
Contrary to what many people think, Social Security will continue to pay benefit payouts to future retirees even after the program exhausts its trust funds by 2034, says expert.
Workers should be cautious of hidden taxes in retirement
A portion of retirees’ Social Security benefits may be taxed at the federal level if their combined income exceeds a certain limit.
Separate finances can be a lot trickier for couples in retirement
One may have lots of disposable income, while the other may have to rely on taxable distributions.
The case for small-cap value just got stronger — even for retirees
Clients saving for retirement are advised to overweight their portfolio with small-cap value stocks and funds. Here's how.
Workers’ retirement may be saved by a side hustle
The gig economy ushered in a new way of working, which in turn has ushered in a new way of retiring.
Claiming Social Security early could lead to poverty later in life
About 4.3 million of the 18 million workers in the 55-64 age bracket are likely to live in poverty once they reach 65, according to a study.
