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Keyword: retirement

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  • From The Freepers, Far Far Away

    09/09/2018 2:30:05 PM PDT · by Eagles Field · 48 replies
    Curiosity | 9-9-18 | Eagles Field
    I find it fascinating, which I suppose points to my lack of sophistication ... when I read from a Freeper who’s living in Singapore or some other such place. A U.S. citizen born and raised that chose that. I’ve flirted with it, no further than fingers typing on a keyboard from time to time where the interest quickly fleets. Frankly, I would be scared. But if I could escape the constant drum beat of liberal psychosis it would seem a path worth consideration. From someone to turn 64 in a few months and the realization of days dwindling. My questions...
  • POTUS Trump will soon make it EASIER for Americans to retire with more money

    08/31/2018 4:56:59 PM PDT · by SleeperCatcher · 41 replies
    The National Sentinel ^ | 8/31/18 | USA Features
    Easy Street: POTUS Donald Trump is preparing to sign an executive order instructing federal agencies to loosen or change regulations that will make it far easier for more Americans to retire with more money.
  • 1 in 3 Americans have less than $5,000 saved for retirement

    08/27/2018 12:25:53 PM PDT · by TangledUpInBlue · 112 replies
    CNBC ^ | 8/27/018 | Kathleen Elkins
    The vast majority of Americans, 78 percent, say they're "extremely" or "somewhat" concerned about not having enough money for retirement, according to Northwestern Mutual's 2018 Planning & Progress Study. And for good reason: A shocking 21 percent of Americans have nothing at all saved for the future, and another 10 percent have less than $5,000 tucked away, the study finds. That means about a third of Americans have only a few thousand dollars, or less, put away for their golden years.
  • ‘Too Little Too Late’: Bankruptcy Booms Among Older Americans

    08/09/2018 5:25:57 AM PDT · by rightwingintelligentsia · 54 replies
    New York Times ^ | August 6, 2018 | Tara Siegel Bernard
    For a rapidly growing share of older Americans, traditional ideas about life in retirement are being upended by a dismal reality: bankruptcy. The signs of potential trouble — vanishing pensions, soaring medical expenses, inadequate savings — have been building for years. Now, new research sheds light on the scope of the problem: The rate of people 65 and older filing for bankruptcy is three times what it was in 1991, the study found, and the same group accounts for a far greater share of all filers. Driving the surge, the study suggests, is a three-decade shift of financial risk from...
  • This Could Be a Game-Changer for Retirement Savers

    08/02/2018 10:16:47 AM PDT · by Red Badger · 35 replies
    The Motley Fool ^ | Aug 2, 2018 at 6:08AM | Matthew Frankel (TMFMathGuy)
    Legislation that would dramatically increase an important contribution limit just cleared a major hurdle. The House of Representatives recently passed two pieces of legislation that would make significant changes to health savings accounts (HSAs), including a massive increase in the amount of tax-deferred contributions that could be made to them. These changes could not only allow Americans to get more of a tax deduction for their healthcare expenditures, but they could also help participants build their retirement nest eggs at a faster rate. Here's a rundown of what the new HSA contribution limit could be, why it matters for retirement...
  • What Is The Most I Can Receive From My Social Security Retirement Benefits?

    08/02/2018 2:29:04 PM PDT · by Red Badger · 103 replies
    www.forbes.com ^ | Apr 18, 2018, 06:38am | David Rae
    The maximum monthly Social Security benefit for a person retiring in 2018, at their full retirement age, is $2,788 per month , or $33,456 per year. To achieve this benefit, you must have had the maximum taxable earning for a whopping 35 years. It is for this reason, that most people’s benefits will be far less. Forget this number if you plan to retire ahead of your full retirement age. Do you think you could live off $2,788 per month? Before you think about that, it’s important to note that the average check for 2018 is just $1,404 per month....
  • 3 Ways to Boost Your Social Security Benefits in Your 60s

    08/02/2018 10:02:18 AM PDT · by Red Badger · 19 replies
    The Motley Fool ^ | Aug 2, 2018 at 7:21AM | Sean Williams (TMFUltraLong)
    It's not too late to increase your take-home from America's most important social program. There's a really good chance you'll be reliant on Social Security when you retire. According to data from the Social Security Administration, 62% of today's aged beneficiaries lean on the program to provide at least half of their monthly income. Of these folks, 34% rely on Social Security for virtually all of their income (90% to 100%). As for future retirees, national pollster Gallup found a strong expected reliance in an April 2018 survey. When polling nonretirees, Gallup observed that 30% expect Social Security to be...
  • Should You Take Social Security at 62, 66, or 70?

    08/02/2018 9:22:46 AM PDT · by Red Badger · 164 replies
    The Motley Fool ^ | updated on January 11, 2018, and originally published on March 25, 2017 | Todd Campbell (TMFEBCapital)
    Social Security benefits can be claimed at any point after a recipient turns age 62, and most Americans take their Social Security as soon as they can. Claiming benefits early can be smart, but it can pay off to wait. If you're deciding when to start receiving Social Security, here's what to consider. Estimate your expenses Retirement usually means a big drop in income, and if you don't have a solid grasp on what your spending is going to look like in retirement, then you won't be able to make the best decision on when to claim. Depending on who...
  • The $36 billion multiemployer pension time bomb is almost ready to go off

    07/25/2018 6:59:45 PM PDT · by E. Pluribus Unum · 16 replies
    Daily Torch ^ | 07.25.2018 | Robert Romano
    114 out of the nation’s 1,400 multiemployer pension plans covering 1.3 million workers are underfunded to the tune of $36.4 billion, with plans expected to start going insolvent in the next 5 years or so, an Aug. 2017 analysis by Cheiron has found. This is the end result of unsustainable collective bargaining arrangements between unions and employer, creating defined benefit pension plans that promise retirements far in excess of what could be justified by monthly contributions and market returns. If these had been investment products, surely the Securities and Exchange Commission might have investigated for fraud. But because they were...
  • McConnell fuels Democrat panic, announces GOP will vote on Kennedy successor before midterms

    06/28/2018 6:24:19 AM PDT · by Eddie01 · 44 replies
    BizPac Review ^ | Jun 28, 2018 | Frieda Powers
    Senate Majority Leader Mitch McConnell spiked the panic on the left by announcing efforts to replace Justice Anthony Kennedy before the midterms. The Supreme Court Justice announced his retirement Wednesday, effective July 31, after more than three decades on the high court. His successor, chosen by President Trump, could transform the Supreme Court for years to come and the left is in a meltdown. “We will vote to confirm Justice Kennedy’s successor this fall,” McConnell said on the Senate floor after the news broke. Senate Judiciary Chairman Chuck Grassley echoed the expectations that the nomination process would begin soon. “For...
  • DNC members groan when hearing news of Kennedy’s retirement

    06/28/2018 3:49:47 AM PDT · by Libloather · 40 replies
    Fox News ^ | 6/28/18 | Stephen Sorace
    Members of the Democratic National Committee on Wednesday were heard groaning and saying, “Oh, my God,” when their meeting was broken up with news of Supreme Court Justice Anthony Kennedy’s retirement. Politico reported-- citing an audio recording-- that the DNC’s Rules and Bylaws Committee was interrupted by the news alert that was followed with one person saying, “This is not good news.” **SNIP** The New York Times editorial board called Kennedy's decision “crushing.”
  • Justice Kennedy Retiring

    06/27/2018 11:04:55 AM PDT · by rb22982 · 288 replies
    CNBC ^ | 6/27/2018 | CNBC
    Breaking news
  • Getting ready to retire!!!

    06/25/2018 4:28:51 PM PDT · by A Cyrenian · 127 replies
    I have my health insurance issue solved. I think I have enough money save (who knows how much you need). It is what it is and I'm as ready as I'm going to be.For those of you who are retired or have recently retired. Can you send some tips my way? Any and all notes will be appreciated and heavily considered. Thanks to you all for your help.Peace be with you.
  • A Generation of Americans Is Entering Old Age the Least Prepared in Decades

    06/22/2018 4:14:38 PM PDT · by simpson96 · 43 replies
    Wall Street Journal ^ | 6/22/2018 | Heather Gillers, Anne Tergesen and Leslie Scism
    Americans are reaching retirement age in worse financial shape than the prior generation, for the first time since Harry Truman was president. This cohort should be on the cusp of their golden years. Instead, their median incomes including Social Security and retirement-fund receipts haven’t risen in years, after having increased steadily from the 1950s. They have high average debt, are often paying off children’s educations and are dipping into savings to care for aging parents. Their paltry 401(k) retirement funds will bring in a median income of under $8,000 a year for a household of two. In total, more than...
  • Millennials waking up to grim financial future left by baby boomers — and they're angry

    06/21/2018 2:19:46 PM PDT · by rickmichaels · 129 replies
    Financial Post ^ | June 21, 2018 | Ben Steverman
    Lately I’ve been losing track of how old everyone is. Friends, co-workers and family members are resisting middle age with vigorous exercise, careful diets and regular doctor visits. Even when 50-year-olds look like they’re 50, they often dress or party as if they’re still in their twenties. Our capacity to fetishize youth never ceases to amaze. But while older Americans definitely want to look like younger folks, they certainly don’t want their finances. That’s because the wealth gap between generations keeps widening, and their children’s future is beginning to look ugly. Just two years ago, the median American born in...
  • BOMBSHELL: Top FBI Insider Who Quit Over Rigged Hillary Probe Ready to Spill Beans on Comey & Obama

    06/02/2018 6:07:18 AM PDT · by bitt · 137 replies
    TRUEPUNDIT ^ | 5/29/2018 | ADMIN
    An FBI agent who quit his top position over the bureau’s handling of the Hillary Clinton email investigation is heading to Congress to testify. John Giacalone, who led the Clinton investigation for the first seven months, will reportedly expose former President Barack Obama and fired FBI Director James Comey for corruptly helping Clinton. There’s a massive media blackout on this because Giacalone is expected to testify that top brass at the FBI rigged the investigative process so that Clinton could skirt charges for clear violations of the law. Exposing Comey also shines a big light on Obama, who many believe...
  • Travel Tips for Geezers

    05/22/2018 4:35:41 AM PDT · by sodpoodle · 19 replies
    email from a friend | 5/22/2018 | unknown
    Retirement Choices: You can retire to Phoenix, Arizona where… 1. You are willing to park three blocks away from your house because you found shade. 2. You've experienced condensation on your butt from the hot water in the toilet bowl. 3. You can drive for four hours in one direction and never leave town. 4. You have over 100 recipes for Mexican food. 5. You know that "dry heat" is comparable to what hits you in the face when you open your oven door at 500 degrees. 6. The four seasons are: tolerable, hot, really hot, and ARE YOU KIDDING...
  • Brooks Suggests Republicans Are Retiring Because of Assassination Fears

    04/27/2018 11:10:06 PM PDT · by TheConservator · 71 replies
    Roll call ^ | 4/272018 | Eric M Garcia
    Alabama Rep. Mo Brooks suggested in a radio interview that Republicans are retiring en masse because of assassination fears. . . . . But Brooks said while there were multiple factors that contributed to a slew of Republicans leaving the House, he suggested fears of violence was a major one. “One of the things that’s concerning me is the assassination risk may become a factor,” he said. . . . . “Notice a trend here?” he said. “I have a congressman who is a friend here who has a three-year old daughter whose daughter was threatened with murder.” He also...
  • Retirees will likely be disappointed with their social security check, here’s why

    04/25/2018 11:37:15 AM PDT · by SeekAndFind · 83 replies
    Fox Business ^ | 04/25/2018 | Jade Scipioni
    Newbie retirees may need to lower their expectations when it comes to their Social Security checks. According to a new survey released by the National Retirement Institute, more than a quarter (27%) of new retirees say their monthly checks are less than they expected. What’s more, nearly two in three of soon-to-be retirees (63%) admit that they are not confident in their overall knowledge of how Social Security works. That number is alarming because nearly one in four (26%) future retirees believe they can live comfortably on Social Security alone. “It’s problematic that so many people are planning to rely...
  • Retirement Savings: More Americans Than Ever Have $1 Million In Assets Or More

    04/16/2018 9:50:17 AM PDT · by SeekAndFind · 94 replies
    IBD ^ | 04/16/2018 | Paul Katzeff
    Do you think saving for retirement is just too tough? Think again. The number of people with 401(k) balances of at least $1 million hit a record 150,000 at the end of 2017 in plans run by Fidelity Investments. Likewise, the number of Fidelity-run IRAs with retirement savings balances of $1 million or more hit a record 152,000. And if $1 million seems out of reach for you — at least for now — don't worry, because those million-dollar balances were part of a broader pattern of retirement savings balances overall growing to record highs. Your retirement savings balances can...