Tag: retirement security

View of an older woman's back sitting on a city bench wearing a yellow coat

Across the nation, many older adults struggle to make ends meet.  The Elder Index, produced by the Gerontology Institute at UMass Boston, suggests that roughly one-third of older households have incomes below what it takes to meet basic needs and age in place.  One question is whether living in a high-wealth, high-cost state such as…

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…