Retirement
Unless Congress acts, some 10 million union retirees could see their pensions cut by 90%. Many private pensions ultimately are backed by the taxpayer, much like big government-backed home lenders and, in practice, the major Wall Street banks during the 2008 crisis. In a recent joint House-Senate committee hearing, insiders warned that pensions could insolvent […]
For people whose whole life has revolved around using their mind, retirement can be a bind. All of those degrees and awards, the presentation notes, the papers, the grand vision of achievement — all of that can gradually deteriorate once you walk out the door. Until, eventually, all you have left are crosswords for company […]
Nearly 57% of American adults have savings of less than $1,000, while 39% have zero savings. Following a few quintessential personal finance practices, however, can help you achieve a healthier financial profile. Here are the seven key personal finance habits to form immediately:
New studies have emerged that point to a severe shortage of doctors and other vital health workers is on the horizon for the United States. The first report, conducted by the Association of American Medical Colleges (AAMC), concluded that the United States will need to hire between 34,600 to 88,000 doctors by 2025 to adequately care for our […]
A white picket fence surrounding a house with 2.4 children, a dog, a cat, a station wagon. This is the American dream. But owning your own home might not be so dreamy as you approach retirement. In fact, since 1990 homeownership has been decreasing among 55- to 64-year-olds, a trend which experts suggest is likely […]
Some see early retirement as the kiss of death, but one study has shown this to be a myth. Retiring early can actually lengthen your life. A 2017 study published in the Journal of Health Economics found that for men over 54, retiring early meant that they were 42% less likely to die during the following five […]
The advantages of Social Security are numerous, but one that people don’t often realize is its flexibility. By changing the age at which you start claiming retirement benefits, you can greatly alter the amount you receive each month. Age 62 is the earliest you can claim, but the longer you wait the fatter the checks will […]
When you are young and actively employed there is no way to predict exactly when you may finally retire, what will be your retirement savings, and how much money you will need for what purposes. While it is comforting to imagine that you have a fairly accurate answer to these questions, chances are you may […]
A lot of people think having a million bucks in the bank means their retirement is golden. Not so fast. A new study conducted by Gobankingrates.com shows that $1 million may not be enough — especially if you live on the coasts, as do tens of millions. For instance, if you live on the Eastern […]
Studies in both the UK and United States have found that upon finally retiring many find it less satisfying than expected — so they’re clocking back in at work. The phenomena of these retirees returning to work in part-time positions has been termed by economists “unretirement.” The UK study, headed by researcher Loretta Platts, found […]
