Longevity risk: Making money last as long as you do

How long should you plan to live? No one can really know, of course. But the answer to that question may be the most critical factor in making a successful financial plan for retirement. Expected longevity for men and women at age 65 has jumped more than 10 percent since 2000, according to the Society […]

States’ rights? Not so much, when it comes to retirement savings

So much for states’ rights. The Republican-controlled Congress took aim this week at states that are creating retirement saving programs for workers who do not already have 401(k)s through their jobs. Seven states – including populous California, Illinois and Maryland – are implementing government-sponsored auto-IRA plans, and another 30 are considering their own, according to […]

Fiduciary-ish: Sorting out healthy, unhealthy retirement investing options

The Trump administration ordered a review last week of a new federal rule prohibiting conflicted advice to retirement savers, a move that signals its intention to withdraw or defang the regulation. As things stand now, companies have until April 10 to comply with the rule. What is the White House’s complaint against the so-called fiduciary […]

The facts about Social Security, Medicare may surprise you

While the era of “alternative facts” dawned in Washington last week, experts from across the ideological spectrum gathered in the capital for a review of real facts about our two most important retirement programs: Social Security and Medicare. The annual policy research conference of the National Academy of Social Insurance (NASI) focused on the group’s […]

Mastering midlife and beyond

At a time of life when they hoped to “have it made,” tens of millions of Americans in their 40s, 50s, and 60s are today facing career, financial and personal challenges beyond anything their generation anticipated. In the past decade, millions have seen their work lives derailed and nest eggs devastated by economic uncertainty. Others […]

Advice or selling? Why language matters in fiduciary battle

The marketing come-ons of broker-dealers and insurance companies send this message: “We are financial advisers you can trust.” But dig through court documents and the same companies argue something quite different: “We are just sales people.” The language gap helps explain what is at stake in one of the most important consumer protection initiatives of […]

Grading Obama’s performance on retirement and aging issues

In his farewell address last week, President Barack Obama quoted something his mother used to tell him: “Reality has a way of catching up with you.” Here is one reality that really is catching up with us: as a nation, we are getting older quickly. The U.S. population over age 65 will nearly double by […]

How would GOP’s Medicare “modernization” proposals affect enrollees?

Not much was said during the presidential election about Medicare reform, but “modernization” of one of our most critical retirement programs is on the agenda in Washington. The term applies to a basketful of reform ideas long favored by Republicans. But if Medicare modernization moves forward this year, it will set in motion a long-term […]

Younger Americans embrace value of unbiased financial advice

Newly empowered Republicans in Washington are not retreating from their battle to overturn a new regulation that protects retirement savers from conflicted investment advice. But for the public, the battle is winding down – and the regulators are winning. New research shows a surge in the number of investors who understand the value of paying […]

Older Americans at risk as Congress takes ax to Obamacare

Anyone nearing retirement – or already retired – should pay very close attention to the doings of the 115th Congress that was sworn in this week. Repeal of President Barack Obama’s Affordable Care Act (ACA) tops the agenda for Republicans, who will control the White House as well as both houses of Congress when Donald […]