Category

Retirement

Long Term Care Insurance Costs Skyrocket

Long Term Care Insurance Costs Skyrocket

By | Health Care, Long Term Care, Retiree, Retirement, Retirement Planning | No Comments

Older Americans shopping for long-term-care insurance policies and current owners of long-term-care (LTC) policies may be in for a bit of a shock when they get their renewal statements or coverage quotes.  Long-term-care insurance carriers have gotten approval from state regulators for double-digit percentage increases in insurance premiums, to help cover cost and offset adverse trends in the long-term-care industry….

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Social Security Could be Broker as Early as 2032

New Study Projects Social Security in Worse Shape than Reported

By | Financial Planning, Retirement, Retirement Income, Retirement Planning, Social Security | No Comments

We have known for some time now that Social Security’s long-term health is in question, and that the program is in serious need of financial reform to remain a viable source of income for retirees.  A new independent report indicates that the problem may be worse than has been reported by Social Security trustees.  Conducted by the University of Pennsylvania’s…

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The clock is running out on many Americans facing a retirement time bomb.

Time Bomb Looms for Aging Americans

By | Baby Boomers, Investing Lessons, Retirement, Retirement Planning, Retirement Savings, Social Security | No Comments

A recent Wall Street Journal article “Time Bomb Looms for Aging America” highlights a growing crisis for older Americans nearing and entering the early stages of retirement.    What the article’s authors uncovered in their research is that the generation reaching retirement age is in worse financial shape than the previous generation.  This will be the first time this has occurred…

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Are baby boomers ready for retirement?  Survey reveals expectations and readiness.

Survey Reveals Baby Boomers Expectations for Retirement

By | Baby Boomers, Retiree, Retirement, Retirement Income, Retirement Planning, Retirement Savings, Social Security | No Comments

The Insured Retirement Institute recently released the “Eighth Annual Update on the Retirement Preparedness of the Boomer Generation” and the report provides some interesting insights into baby boomers’ expectations and preparedness for retirement.  While the insight from the survey provides a valuable look into the mindset baby boomers preparing for retirement, it should be noted that the Insured Retirement Institute…

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Is there a right and wrong time to retire?

The Worst Time to Retire?

By | Investment Returns, Market Index, Retiree, Retirement, Retirement Income, Retirement Planning, Retirement Savings, Returns, Risk | No Comments

Investment News, a weekly national publication for financial advisors, recently published an article titled “Sinking At Retirement” by Greg Iacurci.  The article maintains, “Current market conditions bode horribly for near-term retirees.”  Many baby boomers, including some of our clients, are planning to retire soon.  Should pre-retirees on the verge of retirement be concerned about the impact current market conditions may…

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Health-care-costs are projected to rise at 6% clip.

Health-Care Costs Rise Again

By | Health Care, Retiree, Retirement | No Comments

Health-care costs for retirees are on the rise again, a new study from Fidelity Investments reports.  According to the Fidelity study released in August, a 65-year-old couple retiring in 2017 will need $275,000 to cover health-care costs during their retirement years.  This cost is 6% higher than it was in Fidelity’s 2016 report. The 6% cost increase corroborates findings by…

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Where you retire matters

Where You Retire Matters

By | Retirement, Retirement Income, Retirement Planning, Retirement Savings | No Comments

The old adage of “Location, Location, Location” applies to more than just real estate apparently.  According to a report from GOBankingRates and a recent article from Bloomberg News, location can have a big impact on your retirement.  More specifically, where you live has a big impact on the health of your retirement nest egg. The GOBankingRates report analyzed and projected…

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Are Americans Facing a Retirement Crisis?

Are Americans Facing a Retirement Crisis?

By | Education, Investing Lessons, Retirement, Retirement Planning, Retirement Savings, Social Security | No Comments

Are Americans facing a retirement savings crisis?  The answer to that question depends on who you ask, and perhaps that individual’s prospects for retirement.  The Wall Street Journal recently asked two prominent economists if Americans were facing a retirement savings crisis.  Alicia Munnell, director of Boston College’s Center for Retirement Research and Andrew Biggs, resident scholar at the nonprofit American…

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