How to close the race-based chasm in retirement wealth

The gap in retirement wealth between white and minority families has widened to the point where it really is’nt a gap anymore -it’s a canyon. In 2016, white families had six times more money saved for retirement on average than black or Latino families, according to new data from the Federal Reserve’s Survey of Consumer […]

Report card on aging nations gives U.S. mixed grades

Which nations are doing the best job adapting to their aging populations? Japan has the healthiest seniors. Spain gets top marks for supportive relatives and friends. In Norway, income inequality among older people is the lowest in the world. How about the U.S.? A new global aging index places the U.S. among the top five […]

When should you retire? Consult this checklist of questions

The question sounds simple, but it is tough to answer: At what age should you retire? I get this question from readers and friends more often than any other. It is difficult to answer because it brings into play such a wide range of issues: Do I have enough money to retire? What will I […]

Gap years aren’t just for kids anymore

Dr. Dennis Sinar remembers when it dawned on him: He was ready for a break from work. A gastroenterologist and professor of medicine at East Carolina University in Greenville, N.C., Dr. Sinar was working on a research paper in the university library when it happened. “I just said to myself, ‘I’m really sick of doing […]

Behavioral economics works for retirement saving; let’s try it in the states

How to get people to save for retirement? There are two schools of thought: cajole and educate, or give people a little push in the right direction. Pushing has been ascendant over the past decade for a simple reason: it works. Fueled by “behavioral economics” – which focuses on the psychological and emotional factors in […]

Premature retirement: Who faces the greatest risk?

Planning to work longer to bolster your retirement finances? It can make a big difference, but it is tough to pull off. Half of all retirees leave the workforce earlier than planned due to a health problem or job loss. Blue collar workers with physically demanding jobs are most susceptible to early retirement, according to […]

Biggest surprises in retirement? The experts weigh in

The Great Recession served up some nasty financial surprises to retirees – the housing crash, job loss and shrunken 401(k)s top the list of causes for the retirement insecurity that so many face. But retirement can bring lifestyle surprises, too. It’s one of life’s biggest transitions, and a major leap into the unknown. Hoping to […]

Out of work and under 65? Here’s how to retool your retirement plan

We reached a milestone last week when the government reported that the U.S. economy has regained all the jobs lost during the Great Recession. Yet for many older workers the recession never ended; long-term joblessness has morphed into de facto premature retirement. Now, millions are performing financial triage on retirement plans that had been based […]

It takes villages: Boomers’ alternative approach to retirement living

Where do retired recreational vehicle enthusiasts go when they get too old to hit the road? Some are parking – permanently – at the Escapees Care Center, an adult day-care center in Livingston, Texas, where they can live in their RVs and pay monthly fees that cover whatever care they may need and commune with […]

A holiday reading list for the retiree on your list

Now that the baby boomer age wave is crashing ashore, Americans are retiring by the boatload. About 10,000 of us will turn 65 every day for the next 17 years, the Pew Research Center tells us. If someone on your gift list is hitting the beach this holiday season, a little guidance is in order […]