The respected Employee Benefit Research Institute (EBRI) released new research this week that attempts to quantify how much more the average worker will gain through automation of 401(k) retirement savings plans at work. I wrote recently about the surging use of automated retirement portfolio management; the new EBRI study claims to be the first of [...] [read full article…]
Have you cranked the cost of long-term care insurance into your retirement plan? Along with out-of-pocket health care expenditures, the average 65-year-old couple will need to spend an additional $85,000 on premiums for long-term care insurance, according to Fidelity Investments research. Fidelity arrives at that number assuming a couple buying a long-term care policy at [...] [read full article…]
I often hear from readers who’ve lost their jobs in their 50s or early 60s to layoffs or involuntary “early retirement.” It’s a very stressful time all around, but finding health insurance is one of the biggest challenges. Coverage from former employers is on a countdown to expiration or already is gone. Medicare benefits are [...] [read full article…]
Think you know what you’re doing when it comes to planning your retirement income? Odds are, you don’t, if the Metlife Retirement Income IQ Test is any indication. The company’s annual study of pre-retirees reinforces just how little most of us know about retirement planning. Metlife asked pre-retirees to take a simple 15-question quiz. The [...] [read full article…]
