While divorce is less common for younger adults, so-called “gray divorce” is on the rise among U.S. adults aged 50 and older, with the divorce rate doubling since … more Divorce Rates Climb for America’s 50+ Population
When Fidelity Investments recently asked just over 1,000 pre-retirees what percentage of savings financial experts suggest they should withdraw annually in retirement, 19 percent said the recommended figure … more Pre-Retirees Overly-Optimistic About How Much They Can Withdraw in Retirement
A new Issue in Brief published by the Center for Retirement Research at Boston College this week examined whether households identified in the National Retirement Risk Index as … more Boston College: 20 Percent of Americans Perceive Incorrectly That They Are Prepared for Retirement
Improving reverse mortgage financial literacy, reducing borrowing costs and expanding product options are among a list of recommendations put forth by the Urban Institute to help ease barriers … more Building Acceptance of Reverse Mortgages
U.S. households between the ages of 65 to 74 spend $15,079 a year (or 45 percent of their total median income) on home and related expenses, such as … more Geography Can Determine Retirement Costs
Seven states – California, Connecticut, Illinois, New Jersey, Maryland, Oregon and Washington – are in various stages of implementing state-sponsored retirement savings plans, according to an Associated Press … more States Move to Help Workers Save for Retirement
The Pew Charitable Trusts recently surveyed more than 1,600 small and medium-sized business owners and managers and found that employers most often cited expense, limited administrative resources and … more Why Don’t (More) Small Businesses Offer Retirement Plans?
A research paper that came out in October 2016, and was presented last week at the Society of Actuaries Living to 100 Symposium, recommended reverse mortgages as part … more Challenges and Strategies for Financing an Increasingly Long Life