Here’s when seniors might be looking at Social Security cuts
Seniors are advised to take measures to prepare for a possible shortfall in retirement income, as there is no guarantee for an immediate fix to the problem.
Retirement income
Social Security is 66% of retirees’ primary source of income — that’s a problem
Benefits are meant to replace just 40% of preretirement income, so many retirees should consider creating new income sources, such as running a small business or renting out a property.
How to dodge a market dip that threatens retirement
Working longer and taking on a part-time job are two of the simple strategies for workers to curb the impact of a market correction. But there are other tips to consider as well.
Helping clients cope during tough markets
Taking these steps can help clients insulate themselves from some of the market volatility that we've been experiencing recently, says one expert.
Tips to help workers boost their retirement savings this year
If your employees' goal is to save more for retirement, there are some simple steps they can take to make that resolution stick.
Benefits Think The missing link in helping employees save for retirement
Without an efficient, cost-effective way to transfer 401(k) account balances from plan to plan, participants are more likely to strand their accounts — or worse, prematurely cash out their savings.
Spencer Williams
Portability Services Network and Retirement Clearinghouse
Restricted application Social Security strategy is on its way out
This strategy enables retirees to restrict their application to spousal benefits and allow their benefit to grow until they reach 70.
6 guidelines for a happy retirement
Want to have a fulfilling retirement? Employees are advised to set goals and have a bucket list of activities that will make them productive.
6 ways to make a good 401(k) great
With financial wellness education, full automation and more, employers can help their employees improve their plans.
Getting close to retirement? Here are 6 key considerations
Employees who plan to retire next year should ensure they have enough savings to cover their healthcare expenses before making a decision.
Are there advantages to signing up for Social Security and Medicare at the same time?
There can be benefits in enrolling simultaneously, but there are also incentives to consider in waiting on Social Security instead of claiming benefits at 65 when Medicare kicks in.
4 critical questions to ask during a market downturn
Clients can often retire smoothly even during a downturn if they diversify and rebalance their portfolios properly, as well as pay off debts and maximize their Social Security benefits.
Misconceptions about health costs when you’re older
A widely held view is that a lot of spending is wasted on “heroic” measures at the end of life, but it’s difficult to know which patients are in their final year.
For American workers, 4 key retirement issues to watch in 2019
The new year is expected to be a turning point that will help more workers secure their retirement.
How to save for retirement in an era of FOMO
Millennials should start setting money aside early and consistently, but without depriving themselves.
New 401(k) legislation could bring big changes for retirement savers
One of the major provisions of proposed legislation would require 401(k) plans to offer annuities so participants could create new income streams.
Social Security will be around when you retire, but don’t expect to live off it
Despite Social Security's financial woes, the revenue shortfall can be easily fixed, say experts at Boston College Center for Retirement Research. But it will only go so far in paying for living expenses.
Workers putting retirement on the backburner are taxing employers
With little clarity on when they plan to leave the workforce, older employees are forcing employers to rethink retirement strategies.
Is your client really ready to retire?
Seniors should not only have a financial plan in place, but activities to keep them preoccupied.
Benefits Think How advisers can bridge the retirement planning gap with women
Female plan participants confront many obstacles for planning well for a successful retirement. Here’s how benefits advisers can help.
Michael Ross
Cornerstone Financial Group