The CFPB has developed a retirement planning tool that shows consumers the financial impact of when they decide to claim Social Security benefits.
A bucket approach to investing helps seniors feel more secure about meeting retirement needs.
A spending plan is a more consumer-friendly approach to allocating funds.
Women should consider retirement lifestyle decisions and retirement income when planning for their future.
Take a look at the size of benefits for Social Security recipients with a full retirement age of 66 who file for benefits in 2015.
The Senior Citizens League’s “2015 Survey of Senior Costs” showed a dramatic drop in inflation over the past year, due mostly to falling oil prices.
When you’re a senior, the talk is more likely to mean letting your family know your concerns and wishes for end-of-life care.
For seniors, your retirement benefits from Social Security are likely to be the best annuity payments you receive.
The temptation to retire early has to be vetted with a thorough financial plan that considers the expected and unexpected retirement income needs of the retiree.
Now’s the time to consider other ways to reduce future required minimum distributions (RMDs) too, such as Roth conversions and purchase of a qualified longevity annuity contract.