In the News • July 12, 2016
“If you’ve turned 30, you ideally should have already started planning for retirement. But if you haven’t begun yet, you’re not alone. A study from the National Institute on Retirement Security found that more than 45% of working-age households don’t own any retirement account assets. As a result, many will even start aggressively investing for retirement when they finally reach their 40s or 50s. […]
In the News • July 10, 2016
“During their working years, women tend to earn less than men, and when they retire, they’re more likely to live in poverty. These are women who raised children and cared for sick and elderly family members, often taking what savings and income they do have and spending it on things besides their own retirement security. […]
In the News • July 1, 2016
“In retirement, women must do more with less. Thanks to a longer life expectancy, the average woman is facing bigger retirement expenses—and she’ll have to cover them with a substantially smaller nest egg and Social Security benefits. And that’s not all. When it comes to retirement readiness, a study by the education firm Financial Finesse […]
In the News • June 30, 2016
“When it comes to retirement savings, women lag behind men. According to a new report by the National Institute on Retirement Security (NIRS), retired women aged 65 and older are 80 percent more likely to be impoverished than their male counterparts. Retired women aged 75 or older are three times more likely than men to be […]
In the News • June 3, 2016
“Her mother, who taught in a one-room schoolhouse in the hills of Kentucky a century ago, had some words of wisdom for Adna Bert Baldwin: A woman should be independent and have money to pay her own way. Ms. Baldwin, 81, took that advice seriously. She married young, to her high school sweetheart, but followed […]
In the News • May 19, 2016
“The survivor benefit is one of the best illustrations of how Social Security really is “social insurance.” Payroll taxes paid into the program buy income protection for your spouse in case of your death – somewhat like life insurance. And survivor benefits are not limited to spouses. In some cases, surviving children who are unmarried […]
In the News • May 18, 2016
“Couples nearing retirement have to make key decisions about where and how to live, as well as how to ensure that any pension or annuity payments go to the survivor and how to maximize Social Security for both when one spouse is the bigger earner. If you anticipate a retirement-income shortfall, working longer is often […]
In the News • May 6, 2016
“Meet Howard and Jean, an older couple I know, who like so many Americans of the “greatest generation” plugged into the New Deal world that promised a secure lunch pail for the middle class. Howard is a World War II veteran who became a mechanic; when he was younger he worked on automobiles for a […]
In the News • April 13, 2016
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