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Tag: saving for retirement
Sobering Solutions for an Aging Population
The National Research Council along with three other groups released a sobering report about aging earlier this fall. In the coming decades, the ratio of people aged 65+ to people aged 20-64 will rise by 80%. The resulting demographic shift will present the nation with economic challenges, both to absorb...
Boomers Pessimistic About Their Financial Situation
According to Gallup, older Americans (75+) feel better about their personal financial situation while those aged 18 to 64 feel the least positive. Those aged 75 and older are the most likely to say they feel good about the amount of money they have, are satisfied with their standard of...
Next Generation Not Prepared for Retirement Either
A new study indicates that while the Baby Boomer generation isn’t ready for retirement, the next generation of seniors isn’t planning that well either. Studies have shown that many Baby Boomers donäó»t have enough in savings to sustain them at the level of living they expect or to withstand long-term...
Boomers Reluctant to Curtail Lifestyle in Retirement
According to U.S. News Money, workers who havenäó»t saved enough to retire have three choices: work longer, save more, or reduce their standard of living in retirement.æ When workers were given these three choices, most said they would delay retirement and continue to save rather than cut costs, according to...
Women Caregivers and Savings
The Women’s Institute for a Secure Retirement has some good tips about saving throughout the stages of your life. Here’s a snapshot but do check out their site for more. And consultant with your tax and accounting professional before making any moves. Saving in your 60äó»s, 70äó»s and beyond: continue...
Ninety-Two Percent of Female Retirees Not Planning Long-Term for Retirement
A new report from the Society of Actuaries (SOA) shows that while half of women will likely live beyond age 85, 92 percent do not plan far enough in the future to cover the 20 some years between retirement and life expectancy. Actuaries say that an understanding of post-retirement risks...
Have an Extra Quarter Million – You’ll Need It to Cover HC Costs in Retirement
The nonpartisan Employee Benefit Research Institute (EBRI) has released new figures on what retirees need to have in their nest egg in order to fund their health care costs assuming they retire at 65. Men retiring in 2010 will need anywhere from $65,000-$109,000 in savings to cover health insurance premiums...