On Retirement
Jun 14, 2021, 9:15 AM EDT
Rethinking retirement in the wake of the pandemic
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
When a family member dies, the Social Security office will often ask for the last check back. Read full post
