Social Security isn’t America’s only public retirement crisis
Cuts in Medicaid could prove disastrous for low-income retirees who rely on the program for nursing home care, experts say.
Social Security
Social Security: Bright spots and trouble on the horizon
Asset reserves are projected to become depleted in 2035, a year later than previously estimated.
Baby boomers in this city are plagued with the most debt
One state has two of the top three cities in terms of boomer debt.
One reason lawmakers are hesitant to fix Social Security: Millennials
A proposal to increase payroll taxes is facing opposition from some lawmakers who believe millennial workers cannot afford to bear the brunt of higher payroll taxes.
Why retirees shouldn’t use their 401(k)s to pay off debt
Tapping into these plans is one method used to prevent bankruptcy.
2 ways to boost retirement savings
Many workers are unaware they have the option of making catch-up contributions to retirement accounts, missing out on an opportunity to boost savings.
Congress may gut the ‘stretch IRA’ that wealthy people love
New legislation that aims to give workers greater opportunities to save may put the kibosh on a strategy for passing large individual retirement accounts to heirs.
Pulling heartstrings and purse strings: Grandparents spend $179B annually on grandkids
Grandparents are advised to give cash gifts without putting their future financial security at risk.
It’s not too late to boost retirement savings for 2018
There are still several moves that clients can make to reduce their 2018 tax bill.
How technology is reshaping the way Americans prepare for retirement
New innovations increase participation by making it easier to save and invest for retirement, an expert says.
Bill proposes employer-friendly paid parental leave
Republican senators are pushing a bill that funds time off for new parents through Social Security benefits. Other options being floated rely on companies to fund it.
How your kids can ruin your retirement — and how to avoid it
Parents should have a smart plan on how to help their adult children returning to their home without putting their own retirement at risk.
Medicare won’t cover this key expense, and it’s eating into retirees’ savings
Dental expenses can eat away a considerable amount of retirees’ savings, but these costs are important to prevent health complications and other medical expenses.
Is it ever a good idea to hold company stock in a 401(k)?
Heavily weighting any single stock has the potential to make a portfolio more volatile.
New family leave proposal would require you to delay Social Security benefits
The U.S. is one of the few countries that doesn’t have paid family leave, and it can cause families hardship around the time of a birth, says an expert.
Trump’s budget could open up this tax-free savings account to people on Medicare
The Trump administration unveiled its proposed budget that includes provisions that would enable Medicare beneficiaries to contribute to a health savings account.
Nearly two-thirds of Americans are confused about this simple way to save for retirement
Not having a full understanding could hurt workers’ retirement prospects by causing them to possibly miss out on their employer’s match or not reducing their taxable income as much as possible.
Retirement benefits for millions may be slashed without pension agency reforms, warns GAO
The Pension Benefit Guaranty Corp. is facing a $54 billion deficit for insuring multiemployer plans in unionized industries, says the GAO report.
Protect retirement savings against market crashes
The worst thing investors can do is panic and sell.
