Laptop showing Social Security application form on a wooden table

Working longer – when possible – has been generally accepted as good advice for a secure retirement.  It directly increases current income; it allows people to contribute more to their 401(k)s; it shortens the period of retirement; and, importantly, delaying claiming of Social Security results in a much higher monthly benefit…

Cheerful mature woman presenting financial report to colleagues through video call on laptop

For many, the shift from five days a week in the office to at least some amount of work at home seems to be a lasting effect of the pandemic.  Recent research suggests that this shift has helped late-career workers with disabilities, encouraging higher rates of employment than before the pandemic…

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The Trump Administration’s flouting of the U.S. Constitution brings to mind Benjamin Franklin’s often quoted statement that “[o]ur new Constitution...

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Probably not – most of the drivers have played themselves out. Let’s take a deep breath and step back from...

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Measures of retirement preparedness often suggest that a substantial share of U.S. households are not on track to maintain their standard of living in retirement.  And many retirees report regret for not saving enough.  Yet, when asked about their life satisfaction, the overwhelming majority – 92 percent – of retired households say…

Even the best-laid plans can go awry.  Individuals face many hurdles to adequate planning for retirement and, even when precautions are taken, they may be overwhelmed by a big enough shock.  In particular, large medical and long-term care spending shocks can devastate retirees’ hard-won finances…

Many who are familiar with state and local government finances are concerned that rising pension contributions could be crowding out important government services. And, some academic literature does find that higher pension contributions are associated with reduced employment in local governments and school districts. The issue is particularly acute for school districts, which must maintain…

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Last will and testament form with gavel

NEW YORK TIMES

Although a will is crucial to making sure your assets go where you want them when you die, you are likely to need something else, too: designated beneficiaries.

Us social security cards and dollar bills.

Despite Trump’s assurances that Social Security is safe, senior Americans are increasingly afraid. System outages aren’t helping reassure them