Americans’ “magic number” for retirement surged to an all-time high – rising much faster than the rate of inflation while swelling more than 50% since the onset of more… New Magic Number for Retirement is $1.46 Million
Americans’ “magic number” for retirement surged to an all-time high – rising much faster than the rate of inflation while swelling more than 50% since the onset of more… New Magic Number for Retirement is $1.46 Million
Retirement expert Jamie Hopkins discussed new research conducted by WSFS Mortgage that sheds light on the benefits of reverse mortgages but also significant misconceptions and limited awareness. Why more… Retirement Expert Addresses Home Equity Potential in Retirement Planning and Obstacles
Larry Fink, whose company manages $10 trillion in assets (half of which are for retirement), challenged government and business leaders to come together to fix a looming retirement more… Blackrock CEO Highlights Global Retirement Crisis
The retirement planning landscape is getting a major facelift in 2024 as provisions of 2022’s SECURE Act 2.0 kick in, bringing key changes intended to expand workers’ savings more… How Secure Act 2.0 Improves Retirement Saving in 2024
The Retirement Security Project at The Brookings Institution convened an event recently that traced the evolution of retirement policy in recent decades and discussed the many ways to more… Brookings Institution Examines Evolution of Retirement Policy
A 65-year-old retiree living in California can expect $1 million in savings to last under 14 years, while that amount will last almost 21 years in Texas. By more… How Long Will $1 Million In Retirement Savings Last In Your State?
A new report by The Pew Charitable Trusts revealed that state-sponsored retirement savings programs have collectively reached over $1 billion in assets as of November. Why it matters: more… State-Sponsored Retirement Savings Programs Reach $1 Billion in Assets
A new report from Morningstar suggests that the “4 percent” rule may be a safe option for retirees once again as investment portfolios recover from last year’s losses. more… Morningstar: 4 Percent Rule May Be Safe Again
Jackson National Life Insurance Company, in partnership with the Center for Retirement Research at Boston College, published a study on how retirees and financial professionals perceive retirement risk more… Study: Retirement Investors Inaccurately Predict Life Expectancy
As Americans with insufficient retirement savings leave the workforce over the next 20 years, they will severely strain state and federal budgets, resulting in increased public assistance costs, more… Pew: Americans’ Lack of Retirement Savings Could Cost Governments $1.3T
To help alleviate retirees’ biggest concern that they will run out of money in retirement, two of the world’s largest retirement plan providers, State Street Global Advisors and more… 401(k) Retirement Accounts Could See Some Big Changes
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
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
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
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 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