News 

What will retirement look like in 50 years?

“The period of 1920 to 1970 encompassed the creation of our modern retirement system” writes Alicia H for marketwatch.com. In 1983, Congress addressed the program’s long-term financing by increasing revenues and raising the “full benefits” retirement age.A reporter recently asked me what retirement will look like in 50 years.The second 50-year period — 1970-2020 — saw the stabilization of the retirement system created in the previous period. Source: marketwatch.com

Read More
News 

Prominent Rutgers professor under investigation for sexual harassment retires

“A prominent Rutgers University political science professor under investigation for sexually harassing a graduate student nearly two decades ago retired earlier this month, a university spokeswoman confirmed” writes Livio Nj Advance for nj.com. But Devlin said on Friday she was unable to determine the status of the investigation.In a Nov. 3 Facebook post, Bronner announced his retirement after 43 years of teaching and alluded to two manuscripts in the works. Source: nj.com

Read More
News Stocks 

A Southern California couple who worked ‘blue collar’ jobs plans to retire comfortably thanks to 3 strategies they started years ago

“He estimates that his Social Security income will be about $4,000 per month, but estimates that their retirement income will be significantly more thanks to stocks and bonds, dividends, rental income, and retirement savings” writes Liz Knueven for businessinsider.com. By starting to save early, their contributions had years to grow and earn compound interest, through which interest earns interest on itself.At 28, Corky started his own business and set up a 401(k) at his company, and Patti contributed to one at her job as well.As self-described “blue-collar workers” in expensive…

Read More
News Stocks 

I need help to figure out the rate of return on my retirement accounts

“Q: What rate of return can I expect safely on my retirement accounts ($1 million) if I am not risk averse and can accept market ups and downs?” writes Dan Moisand for marketwatch.com. A.: Reducing your assumption at retirement from 8% to 4% suggests you expect to be more conservative once you retire.In eight of those years the return exceeded 15% and the portfolio lost money in four.So 8% and 4% are historically reasonable if you have a high percentage of your money in diversified stocks.No portfolio with a large…

Read More
News 

Early retirement gone wrong: how to make sure your FIRE plans don’t get derailed

“If you miscalculate your future expenses, you could end up exhausting your nest egg ahead of schedule” writes Markets Reporter for marketwatch.com. In fact, the biggest unexpected cost in retirement is a major home repair, according to a Society of Actuaries study on unexpected or shocking retirement expenses.If your early retirement is a team effort as part of a marriage or committed partnership, experts say you need to make sure you also plan for if it were just you.For members of the FIRE movement — short for “financial independence, retire…

Read More
News 

13% of Americans think they’re better with money than everyone they know — and they’re wrong

“When asked to compare their financial situation to their peers’, about 43% of Americans think they’re better off, while 38% think they’re worse off” writes Tanza Loudenback for businessinsider.com. There are a few traditional markers of good financial health.But the traditional markers of good financial health exist for a reason.Still, 32% of the respondents in that group think they’re somewhat or much better off financially than their peers.About a quarter of people with debt and no retirement savings still consider their financial health to be in good or very good…

Read More
News 

Are you on track? This is how much it costs to retire comfortably in each state

“Each state also has a purple circle with a size corresponding to the average retirement age in that state” writes Shawn Langlois for marketwatch.com. On the flip side, Hawaii, which is the most expensive place to retire, comes in at 81.5 years, the highest.The “fattest state” in the country also sounds like a pretty great place to go out to pasture, if getting the biggest bang for your retirement buck is the priority.According to BLS data cited by cost-estimating website HowMuch.net, Mississippi, at $617,661 in savings needed, is the most…

Read More