Women face challenges when it comes to earning a decent living. A recent report by the U.S. Census Bureau showed that women make about 80 cents for every dollar earned by a man. Follow the link to explore in detail
What is the secret to a long and happy life? The 90+ Study was started in 2003 to study the oldest-old, the fastest growing age group in the United States. With more than 1,600 participants, it's one of the largest studies of the oldest-old in the world. Watch the video report from 60 Minutes
September data from the Bureau of Labor Statistics shows that 60 percent of workers 65 and older have full-time jobs, up from 55 percent in September 2007. Nearly three out of four Americans over the age of 50 see themselves working in new, more flexible and fulfilling ways as part of their retirement. Why Americans increasingly want to work later in life? Read about this survey that debunked popular myths about retirement
Almost half of American investors surveyed by the Wells Fargo/Gallup Investor and Retirement Optimism Index said they are concerned about outliving their savings. According to the survey, 50 percent of non-retired and 36 percent of retired investors are worried about running out of money and becoming completely dependent on Social Security checks. Read the full article here.
Did you know that older Americans spend more on home and home-related products and services than on health care? As they are nearing their retirement age, many Americans are asking themselves: “Should I pay off my mortgage?” Read further to see why you may want to
Social Security has become a popular topic recently thanks to a growing number of retiring baby boomers. If you are one of those 76 million individuals planning to retire soon, you should consider the following Social Security strategies outlined by Retirement and Financial Planning Specialist Gail Buckner in his Your $ Matters column. Click the link to learn more.
A recent tax court case decision changed the interpretation of the “one-rollover-per-year” rule, resulting in more restrictions on IRA rollovers. Starting January 1, 2015, you can make only one rollover from an IRA to another (or the same) IRA per year, no matter how many IRAs you have. However, you are still allowed to make as many transfers from trustee to trustee as you want and as many rollovers from traditional IRAs to Roth IRAs (“conversions”) as you want. Read more
Advice from Mr. Money Mustache who retired at 30 and has been a stay-at-home dad for the past nine years. For many Americans, the idea of early retirement must sound like a delusion. Our confidence that we have enough money saved for retirement has been at historically low levels according to the 2014 Employee Confidence […]
Statistics presented by TIAA-CREF indicate that large majority of grandparents do not share their financial history or wisdom with their grandchildren. It also indicates several misconceptions the boomer generation has about the cost of a present-day college education. Joseph Stabnick has several tips for grandparents to pass down solid financial advice to their grandchildren and help them save for college.
According to a report by Kaiser Family Foundation, a couple retiring in 2014 will spend an average of $220,000 out-of-pocket for a variety of expenses including Medicare premiums, supplemental insurance, hospital readmission and other medical services. Preparing for retirement is becoming increasingly more costly and it is imperative that one prepares for a comprehensive retirement
