Adults age 70 and older have increased their debt since the Great Recession — largely due to mortgage payments — and this hampers their ability to overcome “negative events” as they
Thirteen percent of Americans over age 55 who expect to retire plan to delay it now because of the coronavirus pandemic, according to a survey released this week by Smart, a global retirement
Contributing to a 401(k) is a smart way to save for retirement if you have access to this type of workplace plan. And you’ll need to make sure you’re investing
Traditionally, life settlements – the sale of an unwanted or unaffordable life insurance policy for substantially more than the policy’s cash surrender value — have significantly benefitted seniors by providing
With more and more patients turning to direct primary care (also known as “concierge medicine”) to control their health care costs and streamline interactions with their physician, you’d think our
House lawmakers are proposing emergency legislation to increase the 2021 Social Security cost-of-living adjustment to 3%. The move comes just days after the Social Security Administration announced that the COLA
Only 44% of Americans say they are on track or ahead of schedule for retirement savings, according to a recent national financial stress survey conducted by John Hancock. As 401(k)s are an
Annuities in retirement plans are popular when offered, according to the survey. The coronavirus pandemic has clawed into the confidence of Americans approaching or already in retirement, making annuities in
The IRS has issued guidance for businesses that choose to give employees a temporary holiday from their share of the Social Security payroll tax. Under a presidential executive order issued Aug. 8,
Low interest rates are bad for households with assets, but good for households with liabilities (loans). For example, I was able to recently refinance my mortgage. So, although the asset
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