Many myths may be relatively innocuous, but when you are making retirement-planning decisions based on myths the consequences can be dire. As such, today’s article identifies five “pervasive retirement myths Americans must stop believing” and seeks to counter them with a dose of reality. What do the majority of studies say about whether spending increases or decreases in retirement? Is…
For Social Security recipients looking to supplement their check with some defensive, low-risk divided stocks, today’s article identifies three such stocks to consider. Specifically, the author highlights three stocks representing companies that are expanding, whose products and services are in demand regardless of the state of broader economic conditions, and which are picks of the likes of Warren Buffett and…
How would a Hillary Clinton, Donald Trump (or Libertarian candidate Gary Johnson) win in November impact a current retiree or soon-to-be retiree? Today’s two-part article provides a retirement-focused overview of the candidates’ positions on Social Security, as well as Medicare and Medicaid. For the candidates’ stated positions on raising the retirement age and protecting Social Security, CLICK HERE to read…
Everyone loves surprises – but not when you are a retiree and the surprise is the size of your Social Security check. Today’s article cites a recent survey which found that, for 29 percent of retirees, their benefit ended up being less or much less than expected. Moreover, the survey found that many pre-retirees are simply guessing as to how…
Earlier this month a commission charged with devising a plan to strengthen the retirement security and personal savings of Americans released its report – and today’s article outlines how “a lot of high income earners are going to hate it”. The 146-page report from the Bipartisan Policy Center “includes revamps of everything from 401(k) plans to reverse mortgages to tax…
“A very common goal is to retire early and lead the ‘easy, good life’ [but] many… are disappointed to learn that an early retirement may not be in their future.” Today’s article outlines five reasons why early retirement is not in the cards for many, including rising health costs, mortgage payments in retirement, and the status of Social Security. To…
When should you claim your Social Security? How much do you need to save for retirement? When should you retire? Today’s article argues that there is no simple and quick answer to these types of questions. Rather, “when planning for retirement we must avoid the pitfall of making isolated decisions without considering the impact on one’s entire comprehensive retirement plan.”…