Category: Financial Security 2015

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3/30/2015 - Why Some Seniors Are Upsizing in Retirement

by on March 30, 2015 5:44 pm
Not all seniors are buying into the idea that they need to downsize their living arrangements once they stop working. In fact, a 2014 Merrill Lynch survey of 3,638 adults, including 2,192 baby boomers, found that half of pre-retirees who expect to downsize in retirement don’t do so. What’s more, 30 percent of those surveyed… Read more 3/30/2015 - Why Some Seniors Are Upsizing in Retirement
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3/30/2015 - Why Many Middle-Class Households Are Outsaving the Wealthy (Money)

by on March 30, 2015 3:58 pm
Can it be that Americans are finally getting the message about saving for retirement? Granted, studies have repeatedly confirmed America’s lack of savings. And the overall results of a new Bankrate.com survey seem to add to the pile: One in five Americans is saving nothing at all, while 28% are saving just 5% of their income or… Read more 3/30/2015 - Why Many Middle-Class Households Are Outsaving the Wealthy (Money)
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3/29/2015 - Add Uncertainty to Your Financial Plans

by on March 29, 2015 11:12 pm
Human beings don’t like uncertainty, especially when we’re contemplating our financial futures. It’s not enough for us to think that we’ll have enough money to send our kids to college, or to retire. We want to know exactly how much money we’ll need to achieve those goals — and precisely how we’re going to get… Read more 3/29/2015 - Add Uncertainty to Your Financial Plans
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3/26/2015 - Grim News on Health Costs in Retirement

by on March 26, 2015 7:15 pm
If you need a reminder that Medicare covers only a portion of retiree medical expenses, check out this report. Released Wednesday by HealthView Services, a Danvers, Mass., company that provides retirement health-care cost data and tools to financial advisers, it finds that a 66-year-old couple retiring this year with average Social Security benefits can expect… Read more 3/26/2015 - Grim News on Health Costs in Retirement

3/24/2015 - The Medicaid bill that doesn’t go away when you die

by on March 25, 2015 10:12 pm
Medicaid is thought of as free health insurance for the poor, but federal law requires that recipients pay for the costs of long-term care. And when patients die, Medicaid charges the expenses to the leftover assets in their estates, sometimes passing the burden on to heirs. Special correspondent Sally Schilling reports on how California is… Read more 3/24/2015 - The Medicaid bill that doesn’t go away when you die

3/23/2015 - The Scale of Financial Abuse of Seniors Will Shock You

by on March 23, 2015 4:06 am
Financial abuse of senior citizens has been estimated to cost its victims $2.9 billion a year. It is hard to estimate the scope of the problem, as financial fraud is underreported due to embarrassment, hopelessness, or the victims’ lac of awareness. With new, detailed financial data collected from family caregivers of older Americans, however, a… Read more 3/23/2015 - The Scale of Financial Abuse of Seniors Will Shock You

3/19/2015 - Working in retirement: Fantasy or reality?

by on March 20, 2015 1:58 am
To work or not to work? That is the retirement planning question. Let’s take a closer look at this modern-day riff on the famous line in Shakespeare’s “Hamlet,” where Prince Hamlet laments about life’s unfairness but reflects that the alternative (not being alive) could be worse. Read the full article by Center on Longevity Research… Read more 3/19/2015 - Working in retirement: Fantasy or reality?

3/18/2015 - Want to Be Ready for Retirement? Lower Expectations

by on March 18, 2015 5:13 pm
Whether most Americans will have enough saved to retire comfortably has become a matter of great debate. But some may be in better shape than they think. Read the full article at NBC News.

3/17/2015 - Financing Your Future

by on March 17, 2015 5:49 pm
Helpful resources for estate planning, household debt, Social Security. Read the full article at The Wall Street Journal.

3/15/2015 - The Financial Challenge of Retirement and How to Meet It

by on March 15, 2015 5:07 pm
A new book, ‘Falling Short,’ details the shortfall in retirement resources and spells out what the nation—and individuals—can do. Read the full article at The Wall Street Journal.