Retirement
Found 75 Articles.
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Shattering Another Retirement Myth
Most retirement plans assume a simple income progression. For example, the plans often take today’s salary and assume it rises at the rate of inflation, at least, until retirement age. A more rigorous plan might assume some promotions or pay raises above the inflation rate along the way. It turns out that, outside of government, […]
Our Disfunctional Retirement System
Most Americans near retirement age aren’t financially prepared for retirement. Some people like to blame people for not taking responsibility, but the system of saving for retirement is poorly-designed. Congress put together a system that doesn’t work and couldn’t work given the realities of how people act and how careers develop. Sunday’s New York Times […]
How Long Will Retirement Be Delayed
Until recently, the average retirement age in the U.S. was 62 and declining. The average age for retirement has been rising for at least 10 years. In the wake of the financial crisis of 2008, a high percentage of people now expect to work longer than previously expected and beyond age 65. There’s a lot […]
Retiring Like a Pro Athlete
News media often have stories about pro athletes who made a lot of money but became bankrupt. Here’s a piece with a more positive take. It interviewed a collection of retired pro athletes who did smart things with their money and are having successful retirements. The article isn’t just for athletes and prospective athletes. You can […]
The State of Retirement
Another survey of Americans in or near retirement has rolled out. This one is worth paying attention to because it’s not done by a financial services firm with an agenda to boost its business. Instead, the Society of Actuaries did another edition of a survey it’s been doing periodically for a while. The survey covers […]
Student Loans in Retirement
Will your Social Security benefits be garnished to pay student loans? Apparently, that’s no unusual, according to a story in The Washington Post. The Federal Reserve, which tracks the details of household assets and liabilities, says Americans age 60 and over owe $36 billion on their student loans, and about 10% of that debt is […]
America’s Real Retirement Problem
Social Security isn’t a major problem. It can be fixed with a few tweaks, and the sooner changes are made the easier the tweaks will be. That doesn’t mean every American will have adequate retirement income, says Clive Crook of Bloomberg. Social Security doesn’t replace a lot of working years’ income for most people, and […]
Still Worried About Retiring
The good news is that Americans halted a several year slide in their confidence about being able to afford retirement. The bad news is that the confidence level is low and Americans aren’t any more confident than they were last year. That’s the conclusion of the annual 2012 Retirement Confidence Survey by the Employee Benefits […]
