The 2016 Retirement Landscape: 5 Predictions

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“It’s tough to make predictions, especially about the future,” said Yogi Berra, the late baseball great.* But let’s give it a try: Here’s my forecast of the five most important stories that will unfold on the retirement beat in 2016. No market predictions here: In my view, the smart retirement investor owns a well-balanced portfolio […]

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Inflation in retirement: What you can do to keep up

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The news that Social Security beneficiaries won’t receive an inflation adjustment next year has renewed debate about how we measure the cost of living for seniors. A strong case can be made that the current formula driving Social Security’s cost-of-living adjustment (COLA) is out of whack. The COLA is tied to the Consumer Price Index […]

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Eight questions about Social Security claiming strategies

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The bipartisan budget deal signed into law last last month by President Obama jolted some near-retirement couples–and the retirement-planning world–by closing a loophole in Social Security law that a growing number of married couples were using to substantially increase their benefits. The law makes changes in two Social Security claiming maneuvers–“file-and-suspend” and “restricted claims”–that have […]

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Can state auto-IRA plans improve retirement security?

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Remember the auto-IRA? It’s a good–but modest–idea for improving retirement security that President Obama has been trying to get going since 2010. Auto-IRAs would cover millions of workers who don’t have 401(k)s on the job–mostly lower-income workers at small businesses. But Congress has refused to cooperate, so the White House threw in the towel on […]

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Medicare fall enrollment: It pays to shop as drug plan premiums surge

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Seniors have received some unpleasant news in their mailboxes in recent weeks: premiums for many Medicare prescription drug insurance plans will rise at double-digit rates next year. Premiums for the ten most popular Medicare Part D prescription drug plans (PDPs) will rise an average of 8 percent next year – the fastest clip in five […]

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QLACs: A New Tool for Retirement Income

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Is there a QLAC in your future? Not disability insurance from that noisy duck of TV-ad fame, but a qualified longevity annuity contract. QLACs are a new form of deferred income annuity (DIA) promoted by the Obama administration as a way to address longevity risk–the risk that you’ll run out of money in retirement. The […]

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How flat income growth late in your career can hurt your retirement plan

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How much will your income grow during the course of your career – and how much of that growth can you safely bake into a financial plan for retirement? For successful people in the middle of their careers, should your assumptions keep pace with inflation or go higher? For typical American households, the correct answer is […]

At age 50, let’s weigh the future of Medicare

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Medicare is having a midlife identity crisis. Our most important health insurance program celebrated its 50th birthday on July 30, and two political and policy visions for Medicare’s future are competing for supremacy in Washington. And the winning direction will have important consequences for retirees in the decades ahead. The question on the table is […]

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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% […]

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What the Medicare doc fix means for your pocketbook

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The Medicare “doc fix” is in. The question now: What will it mean for seniors’ pocketbooks? President Obama recently signed the most significant Medicare legislation in years–a plan to fix a Medicare formula that threatened to slash payments to doctors every year. The law achieves several positive Medicare reforms, but it will increase some costs […]

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