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While many retirees have prepped well for whatever the economy and markets may bring, far too many others have not, an expert says.
June 28 -
Retirees have median savings of $839,000, but many of them are unwilling to spend away their nest egg.
June 27 -
Clients are advised to keep track of their financial information and have a trusted person who knows where to locate it.
June 26 -
Rising interest rates can be a boon for seniors seeking better returns from low-risk investments, but can hamper other clients with adjustable-rate mortgages.
June 22 -
Those who can't downsize can still rent out a portion of their property to help cover expenses.
June 20 -
“Public pension plans continue to bury their heads in the sand living in a time warp of decades-old actuarial assumptions,” says a former Connecticut state treasurer.
June 15 -
Seniors receiving pension payments should ensure that their tax withholding is enough to cover the tax liability on the income and avoid trouble with the IRS.
June 14 -
A portion of retirees’ Social Security benefits may be taxed at the federal level if their combined income exceeds a certain limit.
June 12 -
One may have lots of disposable income, while the other may have to rely on taxable distributions.
June 11 -
Baby boomers are holding more mortgage debt than the retirees before them. But sometimes, that can be a smart financial strategy.
June 11Retirement Matters