Is Your Pension In Trouble?
Recent troubles by various pension funds, along with the recent Automakers bailout (which was largely fueled by pension obligations) have shined a bright spotlight on pensions and the economic viability of such. Being that pensions are still a staple of many workers’ retirement plans, the question of whether they can fulfill the promises that were made is an important...
Is Your Pension In Trouble?
Recent troubles by various pension funds, along with the recent Automakers bailout (which was largely fueled by pension obligations) have shined a bright spotlight on pensions and the economic viability of such. Being that pensions are still a staple of many workers’ retirement plans, the question of whether they can fulfill the promises that were made is an important...
Top Retirement Headlines
When is the Best Time to Start Collecting Social Security Payments?
For many years, age 65 was considered a typical retirement age. However, most younger Americans will have to wait longer to collect full retirement benefits now because the social security retirement age keeps increasing. People who were born after 1937 need to wait until age 66 and beyond for...

What to Know About Changes to Individual Retirement Account Rollover Rules
Individual retirement accounts, usually called IRAs, have helped Americans save for retirement since the 1970s. Both traditional and Roth IRAs offer tax advantages that encourage taxpayers to set aside money for the future. The Internal Revenue Service, or IRS, may also impose penalties on people...

Three Retirement Plan Options for Self-Employed and Small Businesses Owners
If you are self-employed or a small business owner, now is a good time to consider setting up a retirement plan. The three retirement plans discussed here each has unique pros and cons, but each one will cut your tax bill and provide other valuable benefits. All three work well for small...

The Three-Bucket Retirement Savings Plan
Saving for a comfortable retirement is notoriously difficult. Retirement savers want to make good retirement plans, but they face uncertainty about their own future and plenty of market risks. Nobody knows exactly how long he or she might live, how much food, fuel, and housing will cost in several...

Should You Consider a Modified Endowment Contract for Retirement?
A modified endowment contract, typically called a MEC, is simply a fancy way of referring to a life insurance policy that doesn't meet certain IRS guidelines for typical life insurance policies. This is because these policies don't pass the government's 7-pay test. This means that these policies...

Should You Buy Long Term Care Insurance for Retirement?
Many Americans seem to have some misconceptions about who pays the bills when elderly people need long term care. Medicare only offers short-term coverage under specific circumstances. Medicaid does pay for nursing care for many American seniors, but this is only after recipients have exhausted...

Planning for the Second Part of Retirement
According to actuaries, the longer people live, the longer they are more likely to live. According to the Social Security Administration, a 65-year-old has a 25 percent chance of surviving until age 90. If both spouses of a couple have just turned 65, there is a 60 percent chance that at least one...

Is it Time to Start Thinking About Income Annuities?
The good news is that recent data from the U.S. Social Security Administration reveals that average Americans can expect to enjoy longer lives than they could a few decades ago. On the other hand, a recent AARP survey found that people faced their retirement years with more concerns about running...
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