Are you a 401 (k) millionaire?
For the first half of the year, the number of folks hitting that cool million target soared roughly 20%.
Generation X faces grim retirement horizon
The median account balance for an individual in Gen X is only $10,000, which means half of Gen Xers have less than that amount saved for retirement.
The retirement savings guessing game
a sizable 42% of workers agree with the statement, “I prefer not to think about or concern myself with retirement investing until I get closer to my retirement date,”
Even the rich are not facing retirement readiness reality
Forty-seven percent of Americans are finding themselves unprepared for retirement, according to a study by Boston College's Center for Retirement Research.
Dude, Gen X are you slacking off?
There are several underlying economic issues making it harder for this cohort to save.
If Social Security’s surplus ran out…
The recent annual report for the Old-Age and Survivors Insurance (OASI) Trust Fund, which pays retirement and survivor benefits, showed Social Security's reserves are projected to run out in 2033,…
Better plan on Social Security shortfall, advisors say
“We don't even include Social Security in our clients’ retirement income plans until they are ‘actually’ taking it.”
Looming deadline for mandatory retirement withdrawals
If you turned 72 last year, though, it's time to start taking some of that nest egg out — by April 1
Retirees face hassle with Medicare Advantage, study finds
In 2022, virtually all Medicare Advantage enrollees (99%) were enrolled in a plan that required prior authorization for some services.
Author and Retirement Expert Mark Miller: “Make Social Security bigger”
There are things that can be done relatively late in the game.