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
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 more… Kiplinger: Worried About Inflation? A Reverse Mortgage Can Generate Cash
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 more… Study: Oregon’s Auto-IRA Program Making Progress
Washington Post nationally syndicated personal finance columnist Michelle Singletary recommended to one of her readers this week that she consider a reverse mortgage to help finance home improvements. The more… Syndicated Columnist Recommends Reverse Mortgage Over HELOC
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 more… Congress to Debate Retirement Savings Bills
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 more… Survey: 70% of Retirees Have This Regret
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 more… What Does Retirement Look Like By Generation?
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 more… AARP: Over Half of Older Americans Happy With Finances
MarketWatch interviewed several financial planners to find out what they’re recommending to their clients to lessen the impact of increasing inflation. The general consensus is that consumers should develop more… In the age of inflation, there are steps you can take to deal with higher prices
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. more… Piecemeal Reform Won’t Solve the U.S. Retirement Crisis
First of all, aging solo doesn’t have to be lonely. In fact, studies on childless adults show they’re no more lonely or depressed than adults with children. Many more… How to plan for aging solo as a childless adult
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 more… Inflation Squeezing Older Americans
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,” more… Five Fundamentals for Women’s Retirement Readiness
Most people think of reverse mortgages as just a standalone loan. But some financial experts are seeing them as an investment strategy that lets people stay in their more… Turning a Reverse Mortgage into a Retirement Investment Tool
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 more… 33% of older workers aren’t saving nearly enough for a secure retirement
The Social Security Administration (SSA) says it has good and bad news for consumers to start 2022. According to Consumer Affairs, the agency announced that the full retirement more… Social Security Administration changes full retirement age to 67
If you haven’t yet claimed Social Security, please read this article from the New York Times that talks about several online tools (both free and for a nominal fee) that more… To Get the Most From Social Security, Log On
In a column for theStreet, Sandra Adams, CFP, has some useful tips for people who want to help their parents plan for a better retirement. She adds, “If more… Encouraging Your Parents to Plan