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 States Adopting Master Plans for Aging
Category: Retirement Savings
Goldman Sachs: Competing Priorities Hinder Retirement Saving For Women
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…
Report: Almost Half of Baby Boomers Still Working Past Age 70
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…
Social Security Announces 8.7 Percent Benefit Increase for 2023
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…
Opinion: Reverse mortgages can offer senior homeowners a financial lifeline with both stocks and bonds sinking
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…
Kiplinger: Worried About Inflation? A Reverse Mortgage Can Generate Cash
Kiplinger conducted a survey that found more than 70% of individuals age 50 and older are concerned that inflation will cause serious economic hardship during their retirement. In…
Study: Oregon’s Auto-IRA Program Making Progress
Over the past decade, since 2012, at least 46 states have acted to implement a new program, study program options, or consider legislation to establish state-facilitated retirement savings…
Congress to Debate Retirement Savings Bills
Expanding access to retirement savings accounts remains a hugely popular issue for congressional lawmakers from both parties. When they return from their summer recess in September, lawmakers will…
Survey: 70% of Retirees Have This Regret
More than two-thirds (70%) of American retirees wished they had saved more and planned earlier for retirement, according to the 2022 Retiree Reflections Survey, published recently by the Employee Benefit Research…
What Does Retirement Look Like By Generation?
For many, retirement can feel a bit like a fairy tale. When you’re young and working, it might seem like slow-building retirement savings (if you have any) might…
AARP: Over Half of Older Americans Happy With Finances
A new survey from AARP finds that just over half of Americans in their 70s (51%) and 80s (52%) rate their financial situation today as excellent or very good. When…
Piecemeal Reform Won’t Solve the U.S. Retirement Crisis
In a recent opinion piece, the editor’s at Bloomberg expressed strong opinions about the shortcomings of America’s retirement system and what Congress needs to do fix these problems.…
Inflation Squeezing Older Americans
Rising prices are squeezing household budgets around the country and putting additional strain on its 56 million residents age 65 and up, many of whom rely on fixed…
Five Fundamentals for Women’s Retirement Readiness
In celebration of International Women’s Day (March 8) and Women’s History Month, the Transamerica Center for Retirement Research developed a new resource, the “Five Fundamentals for Retirement Readiness,”…
33% of older workers aren’t saving nearly enough for a secure retirement
Every worker should be prioritizing retirement savings to ensure they have a secure future. Investing for your later years is important because you can’t live on Social Security…
Is 4% Rule Too High? Rule Inventor Says It Should Be 4.7% Rule
Recently, the 4% retirement income rule has been questioned by some financial advisors as being too aggressive in today’s world. One retired financial advisor who disagrees is William…
Retirement Goal – Happiness
There are a lot of important factors when planning your retirement, but don’t forget the most important: your happiness. Financial planner Ashley Folkes, CFP, says careful financial planning…
The 4% Rule Faces New Problems Today
In an article for Kiplinger, financial planner Steve Parrish, J.D, RICP® explains how the 4% retirement income rule may not be appropriate in today’s world. The 4% rule…