This Week’s Must Read

CHICAGO, June 22 (Reuters) – Retirees can look forward to the largest Social Security cost-of-living adjustment next year since 2012 – but don’t break out the champagne just yet. For many, higher Medicare premiums will take a big bite out of their raise. The 2018 Social Security cost-of-living adjustment (COLA) will not be announced until […]

In 1977, country singer Johnny Paycheck scored a No.1 hit on the singles chart with “Take This Job and Shove It.” The song’s popularity reflected how many people feel about the daily grind of working for a living. For many, retirement is the way out – and it’s something most people would like to achieve

Reinventing retirement It’s fun to picture a retirement on the beach or traveling the globe, but that isn’t the typical retirement experience for most Americans. Many retirees have significant health and financial concerns, and sometimes struggle to fill their newfound free time with meaningful activities. Consider these often unexpected aspects of retirement. Read the Rest

Are you getting close to retirement and itching to take your Social Security benefits? You may want to wait. The bottom line is: waiting longer to start drawing your benefits pays. And it seems more people are clued into this fact. According to a new study by Fidelity, only 3 in 10 retirees plan on

If you haven’t been saving for retirement, you’re not alone. A new survey sheds light on just how much Americans struggle to stash away money for their golden years. According to the Employee Benefit Research Institute (EBRI), one in four workers (24%) confessed they and their spouse have less than $1,000 saved for retirement. About

Are you getting close to retirement and itching to take your Social Security benefits? You may want to wait. The bottom line is: waiting longer to start drawing your benefits pays. And it seems more people are clued into this fact. According to a new study by Fidelity, only 3 in 10 retirees plan on

Planning for retirement can be stressful, but breaking it down to these five elements can help. If you want your nest egg to be robust when you’re ready to retire, you have to take care of it now. That means careful investing and saving. You can’t just go out there and wing it. Here are

Fanny Handel, a retiree in Queens, N.Y., was stunned to receive a notice in 2015 telling her she owed $92,000 in taxes on her traditional individual retirement account. Like many Americans, she thought the account was tax-free. But she was wrong. It is entirely possible to owe annual tax on a tax-deferred traditional IRA or

The last thing millennials may be thinking about is retirement, but according to CPA and retirement expert Ed Slott, that should be the first thing on their minds. Read the rest of the story.  

These days, investors can track at any moment how the market’s daily ups and downs are affecting their wealth.  Even investors with multiple investment accounts spread across different firms can calculate changes in their net worth in real time, thanks to websites and apps that do all of the work for them. One might think that