Retirement

Retirement (130)

Retirement Confidence Takes a Hit Due to COVID-19

A new survey from Principal shows that the COVID-19 pandemic has taken a heavy toll on the confidence of those saving for retirement and those already in retirement. So reports The Winston-Salem Journal

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Buttigieg Propose Long-term Care Program

As Democratic presidential primary candidates pitch proposals to extend medical insurance to more individuals and expand Social Security, South Bend, Indiana, Mayor Pete Buttigieg is going a step further by proposing a program that would provide $90 a day for individuals that need long-term care. So reports MarketWatch.

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Schwab and Employee Fiduciary Rank as Top 401(k) Providers

Charles Schwab and Employee Fiduciary have seized the top two slots in a recent ranking of 401(k) providers by The Street.

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Be Happy—Don’t Retire Early

Cross-sectional studies have found that individuals who retire early are less happy in their golden years than individuals who wait until 65 to retire. So reports CNBC.

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Retirees’ Healthcare Costs May Be More Manageable Than Expected

A study by the Vanguard Center for Investor Research and Mercer actuaries has determined that retirees in 2018 spent between $4,900 and $6,000 on healthcare costs, including Medicare premiums and out of pocket expenses. So reports the Associated Press.

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Congress Considering Delaying RMD Age

The proposed 'Setting Every Community Up for Retirement Enhancement Act of 2019' would move the age at which required minimum distribution rules apply from 70 ½ to 72 and would allow workers at any age to contribute to retirement programs. So reports Forbes.

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Study Defines Saving Requirements By Age

A recent study by Natixis Investment Managers of individuals’ assets and aspirations has determined that a typical Baby Boomer needs to save $142,357 annually to reach his or her retirement goal while Gen Xers need to save $42,849 per year. So reports CNBC.

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How to Measure Retirement Planning Progress

The financial independence number, the retirement replacement ratio, age-based multipliers and net worth are four measurements that can be used to assess retirement readiness. So reports U.S. News & World Report.

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Americans Worry About Outliving Their Money

In a new survey, 48% of CPAs say their clients are worried about outliving their money, while 39% of financial planners said their clients have the same concerns. So reports Plan Advisor.

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Microsoft, BlackRock to Create Pension Products

BlackRock and Microsoft are developing what they claim will be a cutting-edge platform that will sell guaranteed income products that aren’t available in existing retirement programs, including 401(k)s. So reports RIABiz. Read more...

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