The United States of America is home to one of the latest retirement ages in the world, totaling an average of 63 years of age. While the historical retirement age of the average American has steadily dropped over the past century - from 76 years of age in 1900 to an all-time low of 63 … Read more about Americans are Working Longer Into Old Age – What This Means For Retirement
Why Taking your Social Security Benefits Early is a Smart Choice
If you ask most retirement experts, they will tell you that waiting to take your Social Security benefits as long as possible is a great idea. They argue that, by holding off until you reach your full retirement age of 66, the chance that you will maximize your cumulative lifetime benefits will … Read more about Why Taking your Social Security Benefits Early is a Smart Choice
Think Smart and Save Money When You Retire
The years people spend in retirement have the potential to be among their most enjoyable. Having spent a lifetime working and contributing to society, it is time for a well-deserved rest and opportunity to devote time and attention to oneself, free from the restraints of full-time employment. Such … Read more about Think Smart and Save Money When You Retire
The biggest threat to Retirees’ nest-eggs? Their Mortgage
What’s the biggest threat hanging over the head of many older Americans heading towards retirement? Unfortunately, it might be the very roof of the house that they live in, and the mortgage loan that they’re still paying. From 2001 until 2011, the amount of seniors carrying a mortgage debt on … Read more about The biggest threat to Retirees’ nest-eggs? Their Mortgage
Top 5 Tips to Extend your Retirement Savings
As the cost of living and inflation both skyrocket many people nearing retirement worry that their “nest egg” won’t be enough to see them through. Millions of people unfortunately saw that, with a financial disaster like the one experienced in 2008, a person’s life savings can be devastated almost … Read more about Top 5 Tips to Extend your Retirement Savings
Think $1 Milliong Will be Enough for Retirement? Think Again
According to Richard G Dragotta of LPL Financial in Paramus, New Jersey, there are over 9 million people in the United States that have $1 million or more saved for retirement. That’s the good news, he says. The bad news is that “$1 million might not mean you’re wealthy”. Dragotta says that the … Read more about Think $1 Milliong Will be Enough for Retirement? Think Again
Many People Don’t Plan to Retire
It used to be that retirement was the goal for most American workers but today that concept is changing and changing fast. Today’s workers are continuing to work, in many cases long after they’ve reached “retirement age”, and they’re doing it for a wide variety of reasons. Some of them simply … Read more about Many People Don’t Plan to Retire
More Disclosure on Fees coming for 401(k) Retirement Plans
The Labor Department recently proposed a new rule that would make it easier for employers and employees to locate the exact fees that are attached to their 401(k) retirement plans. The new rule would be an update to the 2012 rule on the same subject. Department officials said that, since the rule … Read more about More Disclosure on Fees coming for 401(k) Retirement Plans