Who will care for you when you get old? If that’s a scary or uncomfortable question, you are in good company. Most people don’t want to think about their long-term care needs and when they do, they tend to have major misperceptions of what it costs and what the government will pay for. Read the […]
The Social Security trust fund is expected to be exhausted in 2033. After that, there will be enough tax revenue coming in to pay out about three quarters of promised benefits. However, a few changes to the system could prevent these steep benefit cuts. Here are five potential Social Security changes, and how much of […]
For the first time since the New Deal, a majority of Americans are headed toward a retirement in which they will be financially worse off than their parents, jeopardizing a long era of improved living standards for the nation’s elderly, according to a growing consensus of new research. Read the full article at The Washington […]
Odds are that many baby boomers will find themselves in a caregiving situation, if they haven’t already. For a 65-year-old couple, there is a 35.7% chance that one of them will live to be 95, and a 25% chance of one living to 97, according to the Society of Actuaries. Chances are good, then, that […]
Early withdrawals from 401(k) and 403(b) retirement accounts can have significant effects on a nest egg. Even borrowing against those accounts can stunt their growth. Read the full article at The New York Times.
“Dr. Kübler-Ross, who died in 2004, is best known for identifying the five stages of grief that people go through once they understand they are dying. And those stages — denial, anger, bargaining, depression and acceptance — describe perfectly my reactions when I read recently that, according to Fidelity Investments, my wife, Alison, and I […]
As baby boomers age, 13.8 million are expected to have Alzheimer’s disease by 2050, a study finds. Experts say caring for all those patients may cost $1 trillion a year. Read the full article at Los Angeles Times.
A study released late last week by The Conference Board reveals that more and more Americans are apparently adopting a retirement planning strategy that could best be described as being lifted from a Beatles song: They are assuming their employers will indeed still need them and feed them when they’re are 64. Read the full […]
Even though the housing market has not recovered, nearly half of older working Americans expect to use equity in their homes to help finance their retirement, a new survey finds. Read the full article at The New York Times.
Boomers aren’t heading quietly into retirement. They’re launching businesses, embracing digital technology and living abroad in greater numbers than ever before. But in other ways they are struggling more than the previous generation. Here is a look at trends shaping the next wave of retirement. Read the full article at Reuters.
 |
 |
 |
 |
 |