Healthcare costs put a big squeeze on retiree pocketbooks, but the grip may be relaxing a bit. A 65-year-old couple retiring this year will need $220,000 to pay for healthcare for the rest of their lives, an amount that is eight percent less than a year ago, according to a Fidelity Investments report issued Wednesday. [...] [...more]
PBS Frontline is shocked – shocked! – to find that investors hold retirement accounts that cost too much and eat into long-term returns, even though financial experts have been hammering away on these issues for years The public affairs show turned its investigative eye to the financial services industry this week with The Retirement Gamble. [...] [...more]
Mark Schottland’s 401(k) took a beating in the market crash of 2008, and its value plunged 35 percent, to $65,000. But rather than go into a mattress fund, the Nashville resident decided to invest in himself. Schottland used what was left of his nest egg at the end of that year to buy the Nashville [...] [...more]
When Barbara and Mark Gomperts became empty nesters a few years ago, they found themselves using just a fraction of the 3,000-square-foot, five-bedroom house where they had raised their children in Vienna, Virginia. They bought a townhouse in nearby Burke that was a third the size of the house they sold. “We just didn’t need [...] [...more]
Americans want to know how to get the most from their Social Security benefits, and they have posed more than 11,000 questions to AARP over the years. The group of more than 37 million people age 50 and older has been collecting these queries – and answers to them – in an online searchable database [...] [...more]
