Working Americans ages 45 and older believe it will take $1.1 million in savings to retire comfortably, yet the majority (59 percent) expect to have less than $500,000 more… Americans Need $1.1M For Retirement, But Few Think They Will Get There
Working Americans ages 45 and older believe it will take $1.1 million in savings to retire comfortably, yet the majority (59 percent) expect to have less than $500,000 more… Americans Need $1.1M For Retirement, But Few Think They Will Get There
A new report from AARP estimated the economic value of family caregivers’ unpaid work in 2021 at $600 billion. This figure was based on about 38 million caregivers more… AARP Report Highlights Increasing Cost of Family Caregiving in the U.S.
Fidelity Investments® released its latest Retirement Savings Assessment, which revealed that America’s Retirement Score has moved back into the yellow to 78, a five-point decline from an all-time more… America’s Retirement Score’ Drops to 78
A new report from Fidelity Investments that analyses the savings behaviors and account balances for more than 43.4 million IRA, 401(k), and 403(b) retirement accounts found that the more… Fidelity: Retirement Account Balances Fell 22 Percent in 2022, But Rebounding
Everyone ages differently and some people enjoy the social benefits that come with a senior living facility or other communal living situation. Often, these residences are already designed more… Home Safety for Seniors—What You Should Know
After increasing the retirement age based on birth year a dozen times for those born between the years of 1937 and 1960, the retirement age has remained the same for more… The Advantages And Disadvantages Of Raising The Retirement Age
A reverse mortgage is an increasingly attractive proposition for older Americans who may be low on cash, need to supplement retirement income, and want to use their home equity to more… What Is a Reverse Mortgage & What Does It Mean to Me?
The National Council on Aging launched Budget CheckUp, a free online tool that gives older adults practical tips on how to create a monthly budget and manage their more… NCOA Launches Online Tool to Help Older Adults Manage Finances
Older adults prefer to age at home or in their community rather than assisted-living facilities or other institutional settings, but experts say that could be difficult or impossible more… More States Adopting Master Plans for Aging
Home equity (how much you owe on your mortgage subtracted from how much your home is worth) can be a useful and often overlooked retirement asset, according to more… How and When to Tap Home Equity in Retirement
In a recent column published by theStreet, financial planner Sandra Adams highlights recent Census Bureau data suggesting that 36 percent of American households are currently occupied by single more… The Challenges of Living Alone in Retirement
While women control one third of U.S. household financial assets ($10.9 trillion) and comprise 47 percent of the workforce, many of them struggle to save adequately for retirement more… Goldman Sachs: Competing Priorities Hinder Retirement Saving For Women
A new report from the Transamerica Center for Retirement Studies® (TCRS) finds that more than four in 10 working women (41 percent) expect to retire at age 70 more… Transamerica: Societal Headwinds Are Undermining Women’s Retirement Security
A recent survey of 750 American retirees conducted by Motley Fool found that 55 percent don’t believe the 8.7 percent cost-of-living adjustment for 2023 announced by the Social Security Administration more… Survey: Cost-of-Living Adjustment Not Enough for Many Retirees
Fortune published a balanced and informative article on reverse mortgages that examined how they work, key differences between HECMs and proprietary loans, and the pros and cons of getting more… What is a reverse mortgage and how can it help you make ends meet?
A new survey from the Transamerica Center for Retirement Studies® finds almost half of Baby Boomer workers (49 percent) expect to or already are working past age 70 more… Report: Almost Half of Baby Boomers Still Working Past Age 70
Social Security and Supplemental Security Income (SSI) benefits for approximately 70 million Americans will increase 8.7 percent in 2023, the Social Security Administration announced today. On average, Social more… Social Security Announces 8.7 Percent Benefit Increase for 2023
Most people think of reverse mortgages as the last-gasp attempt to stay in your house when you’ve run out of money in retirement. But even before they get more… Opinion: Reverse mortgages can offer senior homeowners a financial lifeline with both stocks and bonds sinking