On Retirement

Jun 14, 2021, 9:15 AM EDT

Rethinking retirement in the wake of the pandemic

rethinking

By Mary Beth Franklin

Covid has helped retirees focus on the importance of well-being over wealth. A new study shows that the timing and funding of retirement have shifted as a result of the pandemic and that retirees are paying more attention to the nonfinancial aspects of retirement. Read full post

Jun 10, 2021, 1:00 PM EDT

Black and Hispanic Americans still least prepared for retirement

Black

By Mary Beth Franklin

While the annual Retirement Confidence survey shows Americans in 2021 had near-record-high confidence in having enough money for retirement, the survey also includes an analysis of the challenges Black and Hispanic Americans face in saving and preparing for retirement. Read full post

Jun 9, 2021, 8:05 AM EDT

3 Social Security do-over options

do-over

By Mary Beth Franklin

Here are strategies that can be helpful for clients who have regrets over the timing of their Social Security claiming decision, whether they claimed early rather than holding out for a bigger check or waited longer than necessary. Read full post

May 31, 2021, 7:49 PM EDT

Social Security announces partial reopening of field offices

field offices

By Mary Beth Franklin

The agency has unveiled a new 'express interview' process to help people apply for original or replacement Social Security cards and submit necessary proof of identity in person. But it encourages the public to continue to submit applications online. Read full post

May 27, 2021, 1:27 PM EDT

Fewer retirees are claiming Social Security at 62

claiming

By Mary Beth Franklin

But unemployment resulting from Covid could temporarily reverse that positive trend. Read full post

May 18, 2021, 11:59 AM EDT

Life settlements seen increasing as population ages

life settlements

By Mary Beth Franklin

Selling unneeded insurance policies to a third party can provide retirees with needed income. Read full post

May 12, 2021, 8:06 AM EDT

Soaring inflation likely to boost 2022 Social Security COLA

inflation

By Mary Beth Franklin

A senior advocacy group predicts benefits will rise 4.7% next year, based on the 0.8% increase in the April consumer price index. Read full post

May 5, 2021, 4:58 PM EDT

Meeting the growing need for financial caregiving

growing need

By Mary Beth Franklin

A new tool tracks spending and sends alerts about unpaid bills and potential elder fraud, helping families to organize and protect the daily finances of an aging loved one. Read full post

Apr 27, 2021, 5:27 PM EDT

Pandemic’s impact on Social Security services, funding

funding

By Mary Beth Franklin

Social Security Administration Commissioner Andrew Saul warns that underfunding the system will increase benefit delays. Read full post

Apr 22, 2021, 1:01 PM EDT

Retirement confidence resilient despite pandemic

confidence

By Mary Beth Franklin

The annual EBRI survey underscores workers' and retirees' optimism about the outlook for Social Security and Medicare. Read full post

Apr 19, 2021, 5:00 PM EDT

Many affluent retirees reluctant to draw down savings

reluctant

By Mary Beth Franklin

Some leading retirement experts are questioning whether advisers should rethink their assumptions about retirement spending when creating financial plans. Read full post

Apr 13, 2021, 12:54 PM EDT

Diminished capacity creates new investment risk

By Mary Beth Franklin

White paper says financial services firms must adapt to the threat or pay the price. Read full post

Apr 8, 2021, 3:59 PM EDT

INmail: Delaying Social Security protects the younger spouse

delaying

By Mary Beth Franklin

To maximize benefits over the couple’s joint lifetimes, claiming her Social Security benefits early will likely result in the largest payout. Read full post

Apr 6, 2021, 3:51 PM EDT

Third of near-retirees fail basic Social Security quiz

By Mary Beth Franklin

The level of knowledge is improving but the public still needs guidance on decisions about claiming benefits. Read full post

Mar 31, 2021, 10:25 AM EDT

Demographics, Covid speed looming retirement crisis

retirement

By Mary Beth Franklin

A report from the Alliance for Lifetime Income calls for new retirement income model that includes annuities. Read full post

Mar 24, 2021, 12:01 AM EDT

82% of Americans say Covid affected their retirement plans

retirement plans

By Mary Beth Franklin

A Fidelity study underscores the importance of financial planning, but reveals that the term means different things to people of different ages. Read full post

Mar 22, 2021, 1:57 PM EDT

New option for Social Security training

new

By Mary Beth Franklin

The National Association of Registered Social Security Analysts' program qualifies for CFP and CPA continuing education credits. Read full post

Mar 22, 2021, 10:51 AM EDT

INmail: How to switch from spousal to retirement benefits online

White chat bubble with email symbol on blue background. Horizontal composition with copy space

By Mary Beth Franklin

One of the silver linings of the pandemic is the Social Security Administration has made it easier to conduct business online and over the phone. Read full post

Mar 15, 2021, 8:01 AM EDT

How Covid-19 changed retirement planning

By Mary Beth Franklin

When to claim Social Security is the top question for new retirees. Read full post

Mar 8, 2021, 5:30 PM EST

INmail: Social Security wants its money back

White chat bubble with email symbol on blue background. Horizontal composition with copy space

By Mary Beth Franklin

When a family member dies, the Social Security office will often ask for the last check back. Read full post

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