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,...
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...
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...
As they close in on retirement, many products of the Baby Boomer generation are watching helplessly as their American Dream turns into a nightmare.
A recent survey from the Insured Retirement Institute (IRI) found that only 27 percent of Baby Boomers are confident that they will have enough money to...
