How the new fiduciary rules will affect rollovers

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The fiduciary fight isn’t over yet—but we’re getting close. Barring an unexpected upset, the U.S. Department of Labor soon will finalize regulations redefining the term “fiduciary” for purposes of the advice clients get from financial advisors. These long-overdue reforms have been debated to death, and despite the short-term disruption, they’ll be good for the standards […]

White House Conference on Aging: A recap

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(Reuters) – When presidents call Americans together to talk about aging, major change is possible. The first White House Conference on Aging in 1961 played a midwife’s role in the birth of Medicare; the 1971 conference led to creation of the automatic cost-of-living adjustment for Social Security, which has been in place since 1975. This […]

A Medicare surprise: Most dental care isn’t covered

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If you plan to retire soon, add this item to your to-do list: a visit to the dentist before your dental insurance disappears. Retirees transitioning to Medicare are often surprised to learn that the program does not cover routine dental care or more complex procedures. Overall, 40 percent of the 65-plus population has some form […]

Need to Work in Retirement? Think Small

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More retirees than ever intend to keep working past traditional retirement age. But age discrimination and job burnout pose major challenges to staying in the corporate workforce. Entrepreneurship can be a viable alternative work route for retirees–and it’s getting more commonplace. Entrepreneurs age 55-65 accounted for 26% of all startups last year, up from 15% […]

Supreme Court same-sex ruling opens the door for Social Security’s valuable spousal benefits

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Today’s U.S. Supreme Court ruling on same-sex marriage will give a huge boost to the retirement security of LGBT Americans. That will be especially true in the realm of Social Security – where it pays to be married. The ruling will affect everything from access to spousal pension and retirement accounts, health benefits and more. […]

When life events intervene in your retirement plan

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Financial plans typically assume a normal retirement age in the mid-60s or beyond, but life events have a way of intervening. Half of all retirees say they left the workforce earlier than planned, according to the 2015 Retirement Confidence Survey conducted by the Employee Benefit Research Institute. The key culprits include health problems or disability […]

A new type of annuity for life’s biggest unknown

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How much money you will need to save to enjoy a secure retirement depends on the ultimate unknowable: How long will you live? The possibility of running short is called longevity risk, and the Obama administration last year established rules to foster a new type of annuity, the Qualified Longevity Annuity Contract (QLAC), that would […]

Betting on prevention as Medicare turns 50

Dr. Linda Fried

Healthcare is an expense. But what if we looked at it as an investment – especially an investment in prevention of disease? The payback on that investment would be more years of healthy living and less cost treating chronic disease in old age . . . not to mention the human misery avoided. Investment in healthy […]

How well do you understand Social Security? Take this quick quiz to find out

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Ready for a quick quiz on how Social Security benefits work? You should. Social Security is the most important retirement benefit for most Americans, and understanding the rules is critical for getting the most out of the program. So, let’s get started. At what age can you receive your full benefit? Can you keep working […]

Recommended weekend reading on retirement

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Here’s a quick look at articles that have caught my eye the week of June 1 to 5 – happy weekend reading . . . Millionaires Who Are Frugal When They Don’t Have to Be. Paul Sullivan/The New York Times Sex in the nursing home. Paula Spencer Scott/AARP Bulletin Demand and Expectations Grow for Green Retirement Communities. Constance Gustke/The […]