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 […]

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 […]

Don’t forget the RMDs – a yearend mistake that can cost retirees big bucks

Ed Slott is one of the nation’s top experts on IRAs. But a couple of years ago, someone near and dear to him neglected to take a required minimum distribution from one of her individual retirement accounts. “It happened to my mother,” Slott admitted with a laugh – an ironic story for someone who has […]

How part-time work hurts retirement security for millennials, minorities

The Great Recession took any number of wrecking balls to the retirement security of American workers, including wages and pension benefits, home equity and savings. But one of the less understood areas of hurt continues to this day: part-time work. The recession pushed the U.S. part-time labor force to 20.1 percent in January 2010 from […]

Retirement investors not hitting post-election panic button

Emotion can drive investor behavior – and feelings are in overdrive following last month’s election.Across the United States, the mood ranges from a state of mourning to euphoria, depending on one’s political views. But retirement investors are not hitting the panic button in the wake of the Nov. 8 election. The Vanguard Group reports that […]

After the election, retirement security heads for a crash

Retirement security already looked like a looming train wreck for most U.S. households before Election Day. Now, the consolidation of Republican control of government threatens to accelerate the crash. It is too early to predict the agenda Donald Trump will bring to the White House on retirement policy, or where it might fit on his […]

Special needs families face complex retirement planning challenges

Mary Anne Ehlert came by her expertise in financial planning for special-needs families the hard way: she has lived through the challenge herself. Ehlert, a certified financial planner based in Lincolnshire, Illinois, has a sister who was born with cerebral palsy, and a son who suffers from blindness and mental illness. Both of her parents […]

Beneath the rancor, Social Security is on the November ballot

The future of Social Security is on the ballot this year – not that you could tell by the U.S. presidential debates, or by any other aspect of this rancorous, sensational election. But 67 percent of registered voters rank Social Security as a “very important” part of their voting decision this year – just behind […]

Social Security beneficiaries must swallow flat COLA in 2017

Zilch. Nada. Diddly squat. Take your pick of words that best describe the Social Security inflation adjustment announced this week, but it all adds up to this: another year of flat benefits. The U.S. Social Security Administration declared a 0.3 percent cost-of-living adjustment (COLA) for 2017 – a bit more than the zero increase in […]

Five ways to improve retirement math when you haven’t saved

A large segment of American workers are approaching retirement with very little or nothing saved: Among workers age 55 or higher and nearing retirement, 48 percent have saved less than $100,000, according to the Employee Benefit Research Institute. A third have less than $25,000. The savings shortfall means many Americans face the prospect of retiring […]