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Although retirees need to protect their savings to avoid losing money, extreme aversion to loss could do more harm than good.
October 19
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An average 50-year-old woman in New York should begin socking away 49% of her income to her retirement account to live comfortably in her golden years, according to UBS study.
October 18
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If a family contributes approximately $6,000 per year to an HSA, compounded at 6% growth for 20 years, that's $234,000 at retirement, says expert.
October 17
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Retirees can change their Part D prescription-drug plans, Advantage plans, and/or switch from traditional Medicare to Medicare Advantage during open enrollment, which ends December 7.
October 16
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Investors can "make some real money trading, but you really have to know what you are doing,” says one advisor quoted in the article.
October 13
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About 28% of seniors polled by Nationwide claimed that their lives worsened after they retired.
October 12
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The annual cost-of-living adjustment could increase by as much as 2% due to inflation spurred by recent hurricanes.
October 11
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Social Security, pension type, and education are factors that have contributed to the rise in the retirement age since the mid-1980s.
October 10 -
Clients should not assume that Medicare will cover all their medical expenses, or that they'll see a decrease in their expenses after they retire.
October 6 -
Most retirees said they adapted to their situation of having limited retirement income and they have had few regrets, according to a survey.
October 5
