Retirement Planning
When should I start planning for retirement?
This one’s so open ended as far as the question goes. I was talking to a young group at a company and it came up as far as retirement planning. Retirement planning should basically start the day you start working, because there are a lot of things that you can’t catch up on if you [...]
The Case For Not Privatizing Social Security
If there is one thing this most recent stock market crash has demonstrated it is the extreme danger retirement benefits would be in if we adopted a privatized Social Security system.
Proponents of a privatized system have argued for years that private accounts would be totally safe because they would be limited to blue chip stocks [...]
Social Security Retirement Age: Making The Right Choice
With prices ever increasing in the public market, and Social Security become more and more of a concern, it isn’t a surprise that many are choosing to opt for benefits at the youngest possible retirement age. But choosing to receive your checks at age 62 could be an extremely bad idea, especially if you are [...]
Financial Planning for Retirees
There are a number of decisions that may or may not factor into your goals in life, but one key element to saving money is making sure you have enough to eventually retire. Unfortunately, many times people will forget to include one major point to retirement, and so find themselves in financial trouble years after [...]
The End of Retirement?
According to John Michael Greer the outlook for retirees in the coming years is going to be bleak. In a recent blog post he claimed that most of the securities and assets that retirees depend on will lose more than half of their face value. This speculation is based on his belief that the investment [...]
Fewer Americans Expect To Retire, But Most Are Confident
Scottrade recently commissioned a 2009 American Retirement Study for studying retirement plans and generational differences in financial planning. They sampled 1000 Americans aged 18 years or above for this study.
Following their study, Scottrade concluded that only 32% of respondents, 7% less than that in 2008, expected to fully retire at their retirement age. They also [...]
Social Security Administration Targets Young Workers
A new program has been launched by the Social Security Administration, aimed at teaching the young work force about the importance of saving, investing, and preparing for retirement. It focuses mainly on small steps that can be taken to increase the amount of retirement funds available to them in the future, apart from benefits from [...]
Research Shows That Baby Boomers Will Face Inadequate Retirement
According to the Boston College Center for Retirement Research for Boomers, there may be a possibility that forthcoming baby boomers may have a problem with their retirement funds if their only option after they resign from work is their 401 (k) plan and Social Security.
Boston College Center’s director for external relations Andrew Eschruth believes that [...]
What is the difference between Social Security and a private pension?
The Social Security system and private pensions are alike in that they provide retirees with guaranteed income upon retirement. They differ in how they are administered. Social security is overseen by the federal government, whereas private pensions are the sole responsibility of the companies that provide them.
For generations, American workers have relied on a combination [...]
When can I start collecting Social Security retirement benefits?
If you feel you are considering retirement, or are just curious to know roughly when you are able to retire and claim Social Security retirement benefits, you will greatly benefit from the knowledge about to be presented here. We’ll look into what the retirement age is, as determined by the Social Security Administration, and [...]
