Retirement

By Richard Eisenberg, Next Avenue getty We hear a lot — a lot! — about how much we should save for retirement. But people nearing retirement, and in retirement, are often perplexed about how much of their retirement savings they can afford to withdraw each year without running the risk of outliving their money. Recommended

Fixed index annuities can be complex financial products, and I will conclude this chapter* by discussing some of the other various features one may come across when investigating FIAs. We begin with surrender charges or, more formally, contingent deferred sales charges. FIAs are meant to serve as long-term tools and surrender charges help the insurance

By Penny Pennington, Next Avenue getty Editor’s Note: This article is the sixth in a weekly joint series on COVID-19 and the Future of Aging from the Milken Institute Center for the Future of Aging and Next Avenue. The articles are Q and As with thought leaders in fields ranging from health care to retirement

When preparing your retirement budget, don’t blindly rely on estimates in a retirement income … [+] statement. Do your homework! getty In the coming months, you might receive a statement from your 401(k) plan that estimates the amount of retirement income your account might generate. While the information provided in these statements can help you

The Labor Market Recovery Slows While Millions Still Look For a Job getty The labor market recovery slowed in October. While 638,000 more people got a job last month, this marked a continuing slowdown in job gains. Millions of people are still out of a job. The Republican majority in the senate has failed to

Two eight crews getty Stable value funds differ from total-return-driven fixed income products. They generally put capital preservation ahead of aggressive yield generation. In that respect, they tend to build portfolios of “laddered” fixed income securities, positioning them to manage the ebbs and flows of liquidity needs when used as a cash alternative in a

getty Imagine that you’re a blue-collar worker who starts out with an apprenticeship directly out of high school and works until your full retirement age of 67 — for a working lifetime of 49 years. If you had a pension in the private sector, say, 1.5% of pay per year, you’d get a pension benefit

When it comes to Medicare, not all vaccines are the same. getty While we await the arrival of the COVID-19 vaccine, it’s a good time to learn about Medicare’s coverage of vaccinations. For example: Sally lives in a small, rural community and sees the one doctor in town. She got her pneumonia vaccination during her first

Economic Security Planning, Inc. Today’s column addresses questions about when a person can receive spousal benefits, whether it’s possible to receive widow’s benefits on the record of a spouse with substantial income who died 11 months after marriage and when divorced spousal benefits can be paid. Larry Kotlikoff is a Professor of Economics at Boston

WILMINGTON, DELAWARE – NOVEMBER 09: U.S. President-elect Joe Biden speaks to the media after … [+] receiving a briefing from the transition COVID-19 advisory board. (Photo by Joe Raedle/Getty Images) Getty Images In his campaign, President-elect Joe Biden promised a wide range of policy changes aimed at supporting older adults, including paid leave and tax

With so many people working at home during the pandemic, it seems natural that some new to investing might be drawn to the stock market. About one-half of Robinhood.com’s 13 million customers are “first time investors.” How do these new investors learn about stocks? Some learn by trial and error. Others do their research, which

By Richard Eisenberg, Next Avenue Tim Russert’s 2000 election prediction MSNBC Florida is essentially tied with Maine for the highest percentage of residents age 65 and older — roughly 21%, vs. 16% for the U.S. population. And about one in 10 people in The Sunshine State are 75 or older, the highest percentage in the

WILMINGTON, DELAWARE – NOVEMBER 07: President-elect Joe Biden hugs grand child on stage after … [+] Biden’s address to the nation from the Chase Center November 07, 2020 in Wilmington, Delaware. After four days of counting the high volume of mail-in ballots in key battleground states due to the coronavirus pandemic, the race was called

LAS VEGAS, NEVADA – NOVEMBER 07: Chris Vela of Nevada carries a Biden-Harris flag as supporters of … [+] Joe Biden hold American and Mexican flags while preparing to hold a car parade to celebrate the outcome of Tuesday’s election on November 7, 2020 in Las Vegas, Nevada. Supporters around the country are taking to

getty Do you want to know what’s hot? ESG-based investing is hot. These factors include those dealing with environment, social and governance issues. “No one wants to be the person who cuts down the last Lorax tree,” says Paul Tyler, Chief Marketing Officer at Nassau Financial Group in Hartford. “As much as we want to

SEC whistleblowers say financial intermediaries serving as custodians, recordkeepers and trustees to … [+] 401ks and pensions systemically conceal and pocket billions in mutual fund “omnibus” payments which rightfully belong to retirement plans. getty Three SEC whistleblowers say financial intermediaries serving as custodians, recordkeepers and trustees to 401ks and pensions systemically conceal and pocket billions

By Kerry Hannon, Next Avenue Entrepreneur Dennis Bozzi Dennis Bozzi Starting a business on a wing and a prayer is a fool’s game. That’s why older Americans eyeing entrepreneurship, perhaps in response to a layoff or an early retirement package, are seeking courses and programs to learn business skills and explore the possibility of being

When you’re saving for retirement, keep in mind that Medicare premiums include surcharges for … [+] high-income earners. getty The Centers for Medicare & Medicaid Services has announced Medicare Part B premiums for 2021, and the base premium increases just 2.7% from $144.60 a month to $148.50 a month. That $3.90 monthly increase compares to a

getty Over the summer, the Department of Labor (“DOL”) issued a draft pertaining to how ERISA fiduciaries could (or could not) incorporate social advocacy factors into investment decision making. The ensuing uproar could be heard from coast to coast. There was a good reason for that. “The latest popular incarnation of socially responsible investing is

Is your Pharmacy in or out of network? getty Jim, one of my exercise buddies, sees doctors and visits hospitals affiliated with the largest healthcare system in his community. Checking the Annual Notice of Changes, he discovered that his drug plan is dropping the system’s pharmacy from its network. Jim didn’t think that was a big