Tag: Post Retirement

However, fees and investment performance are still top of mind.

The application puts retirement savings goals front and center.

 

From planning for health care expenses to addressing longevity and market risks, Baby Boomers are in need of help.

Among middle-income Boomers, that surges to 77%.

While most current retirees are managing finances well due to multiple sources of income, those not yet retired are worried about running out of money in retirement, FINRA...

They are also more anxious about inflation.

Americans surveyed said they would be more willing to seek help from a financial professional if he or she helped them find solutions that could create guaranteed income...

The Old-Age and Survivors Insurance, and Disability Insurance (OASDI) Trust Funds are still projected to become depleted in 2034.

The personalized video and online calculator are both focused on retirement income.

But the outlook for both sexes isn’t good.

Health care expenses weigh heavily on retirees.

A majority would go into debt to fund their child’s college education.

Thirty-eight percent know how much they’ll need, and 40% have decided the age when they’ll retire.

Forty percent plan to switch career fields when they reach the traditional retirement age.

It’s not just a U.S. phenomenon: longer lives and the rise of defined contribution plans are creating a global need for deeper knowledge about personal savings and investing. 

U.S. employees surveyed indicate they are will to pay more for retirement benefits.

 

A new Beyond the Numbers blog post from the Bureau of Labor Statistics examines the real spending patterns of older Americans and their households.  

Employees globally are looking for more flexible retirement arrangements from employers and for governments to shore up Social Security programs.

Two-thirds of Americans believe there is some chance that they will outlive their savings.

More than one-third (35%) say they should have saved more, and 29% say they should have paid more attention to preparing for retirement when they were younger.