Retirement

Colorado and New Mexico recently announced an innovative approach to managing their new state-facilitated retirement saving programs. Under a Memorandum of Cooperation, the Colorado Secure Savings Program and New Mexico Work and $ave will collaborate on program administration and financial services, marketing, data collection, and participant privacy. Such partnerships can provide a cost-effective way for
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Ever since the coronavirus pandemic reached the United States, baby boomers have been accelerating their retirement plans, and many Americans have been migrating to new states. For retirees, the non-financial considerations often revolve around weather, proximity to grandchildren, and access to quality healthcare and other services. However, if you are retired and no longer generating
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Today’s Social Security column addresses questions about spousal benefit rate reductions when taken before full retirement age, requesting benefit recalculation to ensure accuracy and potential effects of early retirement benefits on later survivor’s benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc. See
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To deny state and local government retirement savers—investors who cannot afford to gamble—critical investment information which is routinely provide to wealthy investors globally in prospectuses is unfair. Are we now a nation of two classes of investors? Most investors are familiar with work of the Securities and Exchange Commission, the federal agency which regulates the
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In a recent article, I described how the HECM program allows eligible homeowners to benefit from unusually large house price appreciation without bearing the risks associated with low or no appreciation. See Reverse-Mortgages-Are-An-Excellent-Hedge-Against-Property-Value-Risk-Especially-Now. The bad news is that rate-of-return risk is a much greater threat to retirees than property value risk. The good news is
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Carl Jung said, “One cannot live the afternoon of life according to the program of life’s morning; for what was great in the morning will be of little importance in the evening, and what in the morning was true will at evening have become a lie.” It was actually physician and psychoanalyst, Elliot Jaques, who
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By Kerry Hannon, Next Avenue If you want to know what prospects for the retirement security of women in America look like, you couldn’t do better than hearing what a bevy of brilliant experts said at the recent day-long virtual summit of the Women’s Institute for a Secure Retirement (WISER). I was fortunate to be a participant, where
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In the 2021 Retirement Confidence Survey conducted by the Employee Benefit Research Institute (EBRI) and Greenwald Research, 50% of workers and 72% of retirees say the COVID-19 pandemic has not changed their confidence in achieving a secure retirement. Still, 33% of workers and 25% of retirees say it’s made them somewhat or significantly less confident
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