Working longer may not be the solution to the retirement crisis
Age discrimination, unpredictable life shocks and involuntary retirement casts serious doubt on the “work longer” thesis.
Social Security
This common mistake could ‘significantly diminish’ the value of savings
Clients adding investments other than target-date funds to their 401(k) or 403(b) could potentially hurt their bottom line.
Married women experience higher retirement risk
“The big issue here is being able to maintain your standard of living,” an expert says.
How employers can help parents retire without derailing their own plan
The next generation can assist loved ones with applying for financial assistance, reducing expenses and developing a financial plan.
Millennials are the new face of the retirement crisis
These employees will need bigger savings than other age groups to fund a longer retirement horizon, according to a study.
Steps to help millennials lay a financial foundation
Before saving for retirement, young employees are advised to pay down high-interest debts and build an emergency fund, an expert says.
Retirees are facing a bigger risk than market volatility
Employees have to increase their risk exposure to ensure they don’t outlive their savings.
How gig economy workers can save for retirement
Those with 1099 income have several tax-advantaged options.
Strategies for employees buying a retirement dream home
The property should allow them to live close to their loved ones and fit their financial plan, according to a CFP.
These Social Security myths could harm employees’ retirement accounts
Careful planning can help prevent workers from shrinking their benefits based on misperceptions.
How to help employees free up cash for their 401(k)s
Target-date funds can help risk-averse young workers ease into investing.
Do married women face greater retirement risks?
Dual-income couples benefit less from Social Security.
The flawed advice being peddled about saving for retirement
Savers can expect investment returns through compounded growth as long as they don’t lose from a market downturn.
Proposed law could change rules for IRA withdrawals
The legislation includes a provision that would raise the age limit for making contributions and taking required minimum distributions.
401(k) tweaks that can help clients reach retirement sooner
Plan participants should consider boosting their contribution rates if they are planning for an early retirement, says one expert.
How much should employees take out of their portfolio when they retire?
Workers should develop a sustainable withdrawal strategy to ensure that they won't outlive their savings.
Nearly half of baby boomers make this pricey mistake
As much as 46% believe Medicare will cover the costs of long-term care.
What to do if you have to retire early
Seniors in this position may face a tax bill and possibly a penalty if they dip into their 401(k) prematurely, says an expert.
Why volatility shouldn’t scare you — even close to retirement
A market correction only becomes a real risk if investors act and make buy or sell decisions to alleviate mental anguish today at the expense of tomorrow, says an expert.
Should my wife file for Social Security retirement benefits now or delay till 70?
A 67-year-old wife collecting spousal benefits will be better off waiting until 70 before shifting to her own retirement benefit if she remains healthy, according to this Q&A article.
