Retirement savers, how much market risk can you handle?

Allan Roth has decades of experience constructing retirement investment portfolios for clients, but he never predicts the direction of the stock market. He does, however, predict human behavior. “People will buy after the market goes up,” said Roth, founder of Wealth Logic LLC, a fee-based investment advisory and financial planning firm based in Colorado Springs, […]

Why stock market dive points to good news for retirees

Whenever the stock market nosedives, retirement portfolios seem to get all the attention. And no doubt about it: the sharp market pullback that began two weeks ago is causing headaches for anyone on the verge of retirement. The big concern is so-called sequence of return risk – that is, the risk that a sharp downturn […]

Debate on safety of reverse mortgages for seniors heats up

Foreclosure is a frightening word – especially if the person losing her home is a senior living on a modest, fixed income. And some housing advocates worry that the number of foreclosures has risen sharply among one group of seniors: those who have taken out reverse mortgage loans. But a dive into the data suggests […]

Social Security online accounts: safe from identity theft?

More than 34 million Americans now conduct business with the Social Security Administration (SSA) online – and with that shift comes an increased risk of identity theft. For many, a MySSA account now is the only way to obtain an estimate of future benefits, since the agency no longer regularly mails annual benefit statements. MySSA […]

For retirees, rising interest rates are a double-edged sword

Interest rates finally are on the rise after a decade stuck near zero – and that should be good news for retirees who need yield on safe investments like certificates of deposit and money market accounts. But higher rates will not be welcome news for all retirees. Americans are more likely than ever before to […]

With life expectancy gains down, tax bill will make things worse

The Republican tax bill approved by Congress this week will create financial headaches for millions of taxpayers trying to navigate all the new rates and rules. But the legislation now headed for President Donald Trump’s signature also will have this grim impact: thousands of additional, preventable deaths every year.Where do I get this outlandish-sounding prediction? […]

New state retirement plans are welcome, but why so expensive?

Next month, Oregon will become the first U.S. state to start automatically signing up workers to save for retirement if they do not already have a workplace 401(k). Eight other states are getting ready to launch state-sponsored auto-IRA programs, and it is an idea whose time has come. Fewer employees have access to workplace retirement […]

Hiding in plain sight: Republicans sharpen knives for retirement program cuts

Traditionally, U.S. politicians avoid talking about cutting Social Security and Medicare close to election time. Midterm elections are around the corner, but Republicans are making no secret of their plans to go after these critical retirement programs. It is the flip side of their plan to expand the federal deficit by $1.5 trillion through tax […]

Don’t forget to add RMDs to your yearend checklist

Nothing good lasts forever, and so it is with tax-deferred retirement saving – that is, the deferred part. Contributions to traditional IRAs and 401(k) accounts aren’t taxed upfront, but the government gets its due down the road. When you reach age 70-1/2, a certain amount of your tax-deferred savings in IRAs and most 401(k) accounts […]

Final word on Social Security COLA and Medicare premiums for 2018

Millicent Graves will get a raise from Social Security next year, but her household budget will get worse, not better. The 2 percent cost-of-living adjustment (COLA) announced by Social Security for 2018 last month will boost Graves’ monthly benefit by $20.70. But in reality, that increase will be wiped out by a higher Medicare Part […]