Retirement

Retirement (135)

'Encore Careers' Creating Opportunities for Advisors

Many Americans nearing retirement age are pursuing careers with a charitable or civic service nature, which is creating opportunities for financial planners. So reports the Journal of Financial Planning Practice Management blog.

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African Americans Trailing Whites in Retirement Savings

Among black working-age households, 62% have no savings in retirement accounts, while only 37% of working-age white households lack such savings, according to a National Institute on Retirement study. So reports CNBC.

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Social Security Workers Given Wrong Advice on File and Suspend

Individuals who are old enough to sneak past the recent termination deadline for using the file and suspend strategy that helps boost Social Security benefits are reportedly being told they are not allowed to use the strategy. So reports Kiplinger. Read more...

Wealthy Retirees Are Not Overspending in Retirement

 

 

A study of retirement assets during the 2000s has concluded that retirees in the top quintile of wealth have been spending substantially less than their savings allows for. So reports the Journal of Financial Planning. Read more...

Obama Seeking to Expand Use of Multiple Employer Plans

President Obama’s proposed budget includes provisions that would increase the number of Americans covered by employer-sponsored retirement plans by expanding the use of multiple employer plans. So reports CBS MoneyWatch. Read more...

Investors Preference for Low Cost Products is Slashing 401(k) Fees

Retirement plan fees are falling as 401(k) participants increasingly embrace low-cost products. So reports Financial Advisor. Read more...

Student Debt Has Big Impact on 401(k) Savings

Having $30,000 in student debt can cut as much as $325,000 from 401(k) balances by the time an individual reaches retirement. So reports CNBC. Read more...

DoL Starts Initiative to Encourage State Retirement Plans

The Department of Labor is moving forward with a rule change intended to help states start retirement plans without running afoul of regulations included in the Employee Retirement Income and Security Act. So reports ThinkAdvisor.

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How to Avoid Estate Planning Pitfalls with Veterans

Advisors need to understand the unique issues related to estate planning for military members and armed forces retirees. So reports WealthManagement.com. Read more...

Americans Skimp on Retirement Planning as Saving Rates Increase

The annual household savings rate climbed to 5.5% last year, up nearly a full percentage point from 2013. So reports CNBC.

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