With the baby boom generation approaching retirement, more people than ever are concerned that they will be unable to retire comfortably at age 65. A Retirement Confidence Survey (RCS), conducted by the Employee Benefits Research Institute (EBRI), reflected American workers’ dwindling hopes to retire and maintain their current standard...
Social Security benefits are a considerable portion of any retiree’s budget. That’s why this week’s news from The Center for Retirement Research at Boston College was disconcerting—if not unexpected.
A study entitled Social Security’s Financial Outlook: The 2014 Update in Perspective was released in an August newsletter by Alicia Munnell,...
On last week’s Crash Proof Retirement Show, political insider Dick Morris and former Federal Reserve official Andrew Huszar joined Phil Cannella and Joann Small for a panel discussion entitled “Is There A Retirement Crisis In America?” The panelists agreed that there is indeed such a crisis, and now research...
Cause and effect—it’s one of the first things we learn as children. But few people truly understand its meaning, which can become the source of all kinds of trouble.
The economy is a perfect example. Just because the stock market keeps reaching or approaching all-time highs does not mean the...
The rule of thumb holds that Americans need to maintain 70% of their pre-retirement income after they stop working. If that’s true, then the retirement crisis is even worse than we thought—and it’s worst in the Northeast, the most populous area in the country.
A recent study from Interest.com found...
November marks Long Term Care Awareness Month. Long term care insurance helps individuals cover the expenses of extended hospital stays or moving into assisted living.
With that in mind, Retirement Media Inc. identified the Top 10 Little-Known Facts About Long Term Care Insurance:
Most people associate long-term care insurance exclusively with...
A recent study conducted by Wells Fargo illustrates just how nervous—and unprepared—the everyday American is for retirement.
In the Wells Fargo Middle Class Retirement Survey, some 22 percent of middle-class Americans indicated that they would prefer to ‘die early’ over living well into retirement without the means to preserve their...
Most reports tout the economic prosperity of the past five years. The stock market has rebounded from the 2007/2008 collapse, the unemployment rate has fallen to historical lows, and even housing prices have recently started to come back after years in decline.
But the biggest economic problem still lingers—these supposed...
Experts often caution retirees against overlooking the cost of health care when planning for their golden years. A recent study suggests that concern is about to become even greater.
According to the 2015 Retirement Health Care Cost Data Report, a healthy couple retiring at age 65 this year can expect...
