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Americans Aren't Loving Retirement Like They Used to -- Here's Why

Retirement satisfaction isn't what it used to be, and the reasons may surprise you.<p>Retirement is a time to shake off years of employment and enjoy …

Retirement

Forget the 4% Retirement Rule -- Here's a Smarter Way to Manage Your Nest Egg

Improve on this rule of thumb to get better results.<p>Whenever you're striving toward a financial goal, it's helpful to have a number in mind. That's …

Retirement Planning

Americans' Average Social Security at Age 62, 66, and 70

<i>"My favorite things in life don't cost any money. It's really clear that the most precious resource we all have is time</i>."<br>-- Steve Jobs<p>Steve Jobs was quite right that money can't buy you everything -- including some of life's most important things. But money <i>is</i> still rather important, and if your …

Social Security

Payroll Taxes Need to Increase This Much to Fix Social Security

The longer Congress waits to act, the bigger the actuarial deficit grows.<p>Social Security is an absolute monolith of a program. Last year, the program …

Teachers: Here’s how to ace retirement without Social Security

When it comes to saving for retirement, many teachers can’t use the standard lesson plan.<p>What’s different for them? Social Security coverage, or the lack thereof. About 40% of public school teachers aren’t covered by the Social Security system, according to the National Association of State …

Retirement

3 Awful Reasons to Take Social Security at 70

The first two are simple arithmetic. The third is much deeper.<p>It doesn't take a rocket scientist to figure out why someone would wait until 70 -- the …

How Much Will I Get From Social Security if I Make $100,000?

If you have a six-figure salary, what Social Security retirement benefit should you expect?<p>Social Security benefits are or will be a major part of …

Social Security

10 stats that show why Social Security is broken

Put plainly, Social Security is the most important social program for seniors in this country.<p>Without the guaranteed monthly income Social Security provides, poverty levels among seniors would spike from 8.8% to more than 40%, according to a study by the Center on Budget and Policy Priorities …

Social Security

3 Social Security Questions You Need to Be Able to Answer

You might be surprised at what you don't yet know about Social Security.<p>Most Americans will collect Social Security benefits at some point in their …

UC is handing out generous pensions, and students are paying the price with higher tuition

As parents and students start writing checks for the first in-state tuition hike in seven years at the University of California, they hope the extra money will buy a better education.<p>But a big chunk of that new money — perhaps tens of millions of dollars — will go to pay for the faculty’s …

Retirement

2 Huge Things People Get Wrong About Retirement

More than a quarter say working life was better.<p>So much for the "golden years."<p>Some 28% of recent retirees complain that life is actually worse in …

Here's how much you should have saved at every age

Saving money is easier said than done.<p>But there's no way around it: To set yourself up for a secure financial future, you have to have money in the bank.<p>For most people, having a little cash leftover each month is doable. After taxes and expenses, the average American manages to put away 3.5% of …

Retirement

Where Should You Retire? These 5 Factors Will Help You Decide

Your choice of retirement location will affect how big a nest egg you need, your health, and even your legacy, so choose thoughtfully.<p>Whether you're …

Retirement

How to Retire Happy, Wild, and Free: Retirement Wisdom That You Won't Get from Your Financial Advisor

Shared via Kindle. Description: "How to Retire Happy, Wild, and Free" is not only a book about retirement — it's an inspirational guide on how to …

Unstable insurance marketplaces can impact retirement

The existence of the Affordable Care Act isn't just about health care -- it could determine when -- or whether -- people retire.

Determine

The Part of Retirement No One Plans For

Everyone (hopefully) plans for retirement. But there's one part most people don't even think about.<p>Take a moment and picture your retirement. You're …

Tax reform could change the way you save for retirement

The fight over tax reform is starting to get personal.<p>So far, much of the debate in Washington has centered on overhauling the corporate tax code. …

Supreme Court Saves Christian Hospitals from Crushing Pension Payments

Unanimous victory for religiously affiliated health care groups will affect 100 lawsuits. The US Supreme Court unanimously affirmed today that …

U.S. Supreme Court

Millions hoping to gradually phase in retirement could have to work into their late 70s because they are not saving enough, report warns

Millions of pension savers hoping to gradually phase in their retirement could find themselves working into their late 70s or beyond to achieve the lifestyle enjoyed by previous generations, a report warns.<p>Sir Steve Webb, a former pensions minister, warned that the dream of a flexible retirement …

Retirement

Maxed out? What to do when retirement funds run out

Rebecca Sudano sees cash-strapped seniors every day. But one client sticks out in her memory.<p>"A gentleman of 86 came in and threw a pile of credit cards down on the table. When I asked him what the problem was, he said, 'The problem is I'm still alive.' "<p>Ms. Sudano, a licensed insolvency trustee …

Millennials face a depressing conundrum: Is it worth saving $5 a month for retirement? - MarketWatch

Six months ago, Erica Patella, a 23-year-old insurance representative at Cardinal Advisors in Raleigh, N.C., started saving money to open up an …

Senior Specials: 14 States With Retirement Income Tax Breaks

You don’t have to move to a no-income-tax state to get big income tax breaks in retirement. These 14 states don’t tax any of your Social Security and exclude at least some private pension and IRA income from their taxes, with no income limits. So, you could be a millionaire-earner and get these big …

Retirement

Social Security Benefits are Partially Taxable -- Find Out How Much

You've finally retired. You've reached the age when you can begin collecting Social Security. Life is easy until tax time rolls around. Then the …

Social Security

This Tax Trick Could Be Incredibly Useful in 2017

It's the one chance you get for a do-over.<p>Sometimes paying taxes now can help you avoid a bigger tax bill later on. That's the thinking behind paying …

Why a happy couple will likely have a happier retirement - MarketWatch

Retirement planning is best done at the household level.<p>But that’s not how couples save for retirement. Instead, households sock money away for their …

The One Thing Americans Get Right About Retirement Saving

(Hint: He lives in Omaha)<p>Americans get one thing right when it comes to retirement saving: They would like Warren Buffett to be their personal …

Things You Should Know About IRA Beneficiaries: Part 2 | Investopedia

In my last article, I discussed IRA beneficiary designations and how they specify who should receive your retirement account funds if you are to pass …

Retirement

Retirement Planning Strategies for Clients in Their 60s | Investopedia

Retirement is different for everyone. Some people want to travel, some want to help their children financially, while others plan to continue working …

Long Term Care Insurance: Here's What You Need to Know

After seeing their parents need Long Term Care, Richard and Barbara Adams searched for answers.<p>It was the fall of 2008 when Richard and Barbara Adams, recent retirees from the Buffalo School District and a former sales executive at a local newspaper, were on a two-week vacation in the Smoky …

Insurance