Study: Marrying Later Could Delay Saving for Retirement

Delaying marriage until later in life could also delay the time at which a worker enrolls in a 401K savings account, and the amount of money that is contributed to it. This is according to a study conducted by Geoffrey T. Sanzenbacher and Wenliang Hou, members of the Center for Retirement Research at Boston College. […]

Seniors Twice As Likely To Work Now vs. 1985

Rising health care costs combined with a lack of sufficient retirement savings and benefit payments has caused a higher rate of seniors to forego their retirements and continue working, making the idea of leaving work behind more stressful than sought after. This is according to a study conducted and released by money management firm United […]

Retirement Confidence Rebounds, Hits All-Time High

With a generally stronger economy in the United States and a high level of performance in the stock market, confidence in the ability for workers and retirees to fund their post-work lives has increased to all-time highs. This is according to the 2019 Retirement Confidence Survey Summary Report, conducted and released by the Employee Benefit […]

WaPo: People Aren’t Saving Enough for Retirement

While homeownership may not solve all of the problems concerning bolstering one’s own net worth or issues that could come out of needing flexibility to move, making decisions early in life about the most efficient ways to save for the years they won’t be working is often a key to financial stability late in life. […]

Pension Funding Becomes More Difficult for State, Local Governments

State and local governments are having increasing levels of difficulty in meeting their pension payment obligations, a problem exacerbated by the retirement of former government employees that are part of the baby boomer generation according to a new report by National Public Radio (NPR). In the city of Houston, Texas, for instance, the initial $2.4 […]

These 12 States Allow Older Homeowners to Defer Property Taxes

Reverse mortgage products allow senior borrowers the ability to eliminate their monthly forward mortgage payment, while also allowing access to a home equity line of credit. One of the key borrower requirements, however, is their ability to pay mortgage insurance premiums, costs associated with their home’s upkeep and the payment of associated property taxes. However, […]

Overcoming Low-Income Seniors’ Financial Challenges

People over the age of 50 with low-to-moderate incomes are facing an increasingly intense and unique set of financial challenges as traditional late-life retirement funding options, like an employer’s pension, become less available. This is according to a study conducted jointly by the Center for Financial Services Innovation (CFSI) and the AARP Foundation, the charitable […]

Older Workers Face Career Woes Even in a Strong Economy

As workers get older, their employment becomes increasingly difficult to maintain even in a generally prosperous economic climate. This is according to a study conducted by the Urban Institute, and recently highlighted by the Boston College Center for Retirement Research. Workers over the age of 50 have a higher likelihood of encountering an involuntary job […]

Financial Wellness High on Boomer Bucket Lists

95 percent of surveyed Americans revealed that they have some kind of list of financial goals and other experiences they wish to have before passing on, otherwise known as a “bucket list.” 66 percent of respondents have something on that list that they plan to accomplish within the next year of their lives, and 21 […]