Respondents ranked inflation as the greatest threat to their retirement security at 90 percent, while cuts to Social Security benefits and cuts to Medicare/Medicaid benefits ranked a close second and third place at 84 percent and 83 percent, respectively. Additionally, the survey revealed a gap between the realities of current retirees and the…
As move along in another year, we are reminded we are a year older, and one of the largest issues we will face in 2024 and beyond is an aging population. North Carolina, like most states, is unprepared to deal with these numbers or their needs. Even with a 401, IRA, some type of pension or Social Security they worry about how they can afford to live into their 80 s or 90 s.
More than 20% of American adults who plan to leave unpaid debt behind for their loved ones to inherit do not have life insurance coverage, according to a new survey from Policygenius.
"Social Security is going to go bankrupt in 10 years. Medicare is going to go bankrupt in eight, "Republican presidential candidate and former South Carolina governor Nikki Haley said in an interview on Bloomberg Television. According to a report by the Trustees of the Social Security and Medicare, current funds will only be able to pay 100 percent of scheduled…
CFP Board announced the release of the draft framework of its Client Impact Study, the first peer-reviewed academic research study to track and report on the actual impact of holistic financial planning on clients.
Are spouses who have not worked outside the home eligible for Medicare benefits? I have worked most of my adult life, but my wife has been a mother and homemaker since we got married and hasn't held an income-producing job since she was in college. Will she be eligible for Medicare?
Brad Rhodes: Conservative investors approach to retirement planning. Published 12:00 am Sunday, January 21, 2024. Longevity risk, the possibility of outliving one's financial resources, is a significant concern for conservative investors, particularly those nearing or at retirement age.
A couple of years ago, I wrote a column about how to have a retirement worth saving for. It ended with a quote from personal finance educator Barbara O’ Neill, who reflected on how the pandemic disrupted many retirees’ plans. That lesson was driven home in July 2023, when a longtime colleague died at age 61.
Putnam County resident Andrew Brown, age 56, of Putnam Valley, was sentenced to 18 months in prison for defrauding members of the Law Enforcement Employees Benevolent Association, a labor union for law enforcement officers employed by New York City, the US Attorney's Office for Southern District of New York announced on Wednesday, Jan. 17.
Retirees are redefining what it means to be retired. If you're within five years of retirement, here are steps to take now to help attain the lifestyle you want in the future. "Think how you will fill your time," said John Grable, a professor of financial planning at the University of Georgia.
CHEYENNE— Wyoming's retiree population is quickly outpacing its workforce, and policymakers are considering ways to cover the state's retirement plan obligations with the least impact on public employees' paychecks. Wyoming's eight existing retirement plans are underfunded by a total of $2.8 billion, and Wyoming Retirement System officials said the…
Online brokerage Robinhood will pay a $7.5 million fine in a settlement with Massachusetts’ securities regulators, who say that it encouraged inexperienced investors to place risky trades.