Fed: Households Age 55+ Hold Two-Thirds of U.S. Home Equity

In his latest “Eye on Housing” blog, National Association of Home Builders Senior Economist Paul Emrath cited statistics from the Federal Reserve’s latest Survey of Consumer Finances (SCF) which shows that households age 55 or older earn about half of all household income in the U.S., but hold over two-thirds of the residential equity and … more Fed: Households Age 55+ Hold Two-Thirds of U.S. Home Equity

Prudential: Half of Retirees Left Workforce Earlier Than Expected

A new retirement preparedness study from Prudential, titled Planning Your Retirement? Expect the Unexpected, concluded that 51 percent of retirees left the workforce earlier than planned. While early retirement may seem like welcome news, only 23 percent said they did so because they either had enough money to retire, wanted to retire, or were tired … more Prudential: Half of Retirees Left Workforce Earlier Than Expected

Senate Aging Committee Examines Challenges Facing Americans Turning 65

At a hearing titled Turning 65: Navigating Critical Decisions to Age Well, experts from the public and private sectors testified last week before the Senate Special Committee on Aging on the challenges facing Baby Boomers when they enroll in Medicare and Social Security. “People turning 65 face a staggering number of decisions related to their … more Senate Aging Committee Examines Challenges Facing Americans Turning 65

Wealth Managers Forecast 2018 Trends

The growing popularity of health savings accounts (HSAs), increased consumer education around de-accumulation strategies, and nationally mandated retirement savings plans are just some of the issues that retirement experts are keeping a watchful eye on in 2018, according to WealthManagement.com contributing writer Ed McCarthy in his article,  2018 Outlook: Retirement Plan Trends to Watch. “The … more Wealth Managers Forecast 2018 Trends

New Study Evaluates Impact of Aging on Federal Budget

A new policy paper authored by Brookings Institute senior fellow Louise Sheiner, titled The Long-Term Impact of Aging on the Federal Budget, examines the effects of an aging population on federal spending on entitlement programs and the implications for the country’s overall debt burden, interest rates and productivity.  In just 20 years, Americans age 65 … more New Study Evaluates Impact of Aging on Federal Budget

Stanford Research Advocates Reverses For Consumers Evaluating Retirement Income Options

Reverse mortgages should be one of the tools that retirees and their financial advisers consider on a case-by-case basis when evaluating options for improving retirement security, according to a new study published by the Stanford Center on Longevity, in coordination with the Society of Actuaries, titled Optimizing Retirement Income by Integrating Retirement Plans, IRAs, and … more Stanford Research Advocates Reverses For Consumers Evaluating Retirement Income Options

Retirement Risk Index Shows Modest Improvement

The percentage of working-age U.S. households who are “at risk” of being unable to maintain their pre-retirement standard of living in retirement fell from 52 percent to 50 percent between 2013 and 2016, according to the latest National Retirement Risk Index (NRRI) published by Boston College’s Center for Retirement Research. “The bottom line is that … more Retirement Risk Index Shows Modest Improvement

Supporting Adult Kids Can Cost Parents $227K in Retirement Savings

A majority of parents are paying for at least some of their adult children’s expenses, and it could be costing them up to $227,000 in retirement savings, according to the results of a new survey conducted by personal finance web site, NerdWallet. The survey, which was conducted online by Harris Poll on behalf of NerdWallet, asked … more Supporting Adult Kids Can Cost Parents $227K in Retirement Savings