With an ever-increasing life-expectancy age as well as drastic rises in health-care costs, it seems Social Security is not enough to sustain anyone for their expected length of retirement. Social Security expenses are reaching a deficit which could result in further spending cuts urging a change in retirement policy in order to prepare for our futures after work. We must adequately prepare for the future before it is too late
New data has shed light on alarming investment decisions that people in their 50s and 60s are making for retirement. According to a recent article on NextAvenue.org, of the “consistent traditional Individual Retirement Account (IRA) investors” that are in their 50s, about one third have 100 percent of their IRA money in stocks. And for […]
