More Social Security claimants see patience as a virtue

Good things come to those who wait, the old saying goes. And more Americans are getting the message when it comes to claiming Social Security benefits. The number of near-retirement workers planning to take Social Security benefits as soon as possible has fallen sharply, according to a new survey by Fidelity Investments. Just 28 percent […]

Social Security reform: the clock is ticking

Can you count on your Social Security benefits when retirement rolls around? Most Americans worry about this – partly due to the nonsense they hear from political opponents of Social Security and ill-informed media. You will hear that the program is bankrupt, its reserves are nothing but a bunch of IOUs, or that Social Security […]

We should nurture, not ax, programs for older volunteers

What to say about a federal program that helps enable 245,000 U.S. seniors to tutor kids, renovate homes and teach English to immigrants? How about this: “We can’t spend money on programs just because they sound good.” That is White House budget director Mick Mulvaney last month, explaining why the Trump administration’s budget blueprint proposes […]

Will Republicans fund tax cuts by tapping retirement piggy bank?

Tax reform is up next for our Attention Deficit Disorder Republican government, which just rushed through a chaotic, ugly battle to reform our complex healthcare system. The fight over tax reform promises to be just as chaotic and ugly – and it could mean big changes for Americans saving for retirement. The Republican tax plan […]

Senate could aid retirement saving by doing nothing

At the risk of stating the obvious: People are much more likely to save for retirement when they can do it automatically at work. How much more likely? Ten times, according to a study released this week. But someone apparently forgot to tell U.S. Congress and the White House, because both are moving to block […]

Life insurance in retirement: Who needs it?

The KISS principle–invented by the U.S. Navy in the 1960s–holds that most systems work best when they are kept simple. And KISS is a great principle to apply to this question: When, if ever, does it make sense to own life insurance in retirement? Keeping things simple, here’s the answer: In most cases, never. The […]

Pages: 1 2

Republican health reform is the real disaster for older Americans

The health reform bill proposed by the White House and Speaker Paul Ryan is predicated on the political assertion that Obamacare is a “disaster,” characterized by collapsing insurance markets and soaring premiums. Some states have had problems, to be sure – and the Affordable Care Act (ACA) could stand some tweaking. But if your income is […]

Threatened pension cuts will test Trump ties to Rust Belt voters

Karen Friedman has been traveling the country speaking at meetings of retired union members – and they are angry. What riles them is the prospect of deep cuts in promised pension benefits, and they are hoping for relief from President Donald Trump. “Many of them were Trump voters,” said Friedman, executive vice president and policy […]

Retirement planning for special needs families

The financial planning challenges for parents of special needs children are myriad and complex–and retirement planning presents one of the toughest challenges. The core challenge is balancing the financial needs of retirement with long-term needs of a child with a disability–needs that usually outlive the parents. “If we aren’t asking the right questions, we’re going […]

Pages: 1 2 3

Why living longer shouldn’t mean a higher Medicare age

When you hear a politician start a sentence with the phrase “We’re all living longer,” grab your wallet. You are about to be told that Social Security or Medicare benefits should be cut because of America’s rising longevity. The argument is not only specious, but hazardous to your health. That much is clear from a […]