As a result of the COVID-19 pandemic, about three million retired workers who turn 60 years old in 2020 will very likely have much lower lifetime Social Security … more Pandemic Could Reduce 3M Workers’ Social Security Benefits
Addressing members of the National Association of Plan Advisors this week, two Republican members of the House Ways & Means Committee shared their thoughts on how the economic … more COVID-19 Underscores Need to Address Retirement Savings Gaps, Lawmakers Suggest
Because of the COVID-19 pandemic, 55 percent of working age households in America are now at risk of being unable to maintain their pre-retirement standard of living, according … more 55 Percent of Working Households Face Retirement Challenges
U.S. Census Bureau statistics released this week show the nation’s 65-and-older population grew by over a third (34.2 percent or 13,787,044) during the past decade and by 3.2 … more 65+ Population Grows By 34 Percent Over Past Decade
Market shocks are a growing concern to more than half of U.S. households who now own equities, mainly due to the shift from traditional pensions to 401(k) plans, … more How Exposed Are Retirement Savings to Market Risk?
Due to Covid-19, 71 percent of Americans anticipate the pandemic to impact their retirement plans, with Gen X expecting to be hit the most (76 percent), according to … more TD Ameritrade: 71 Percent of Americans Predict Retirement Plan Changes
A new issue brief from the Center for Retirement Research at Boston College finds that while older workers are well-situated to work from home and stay protected from … more Can Older Workers Work from Home?
Working longer is a key component to a more secure retirement, but are employers willing to hire and retain older workers? To learn more, the Center for … more Employer Perceptions of Older Workers: 2019 Survey Results
A new study from the Consumer Financial Protection Bureau found that 51 percent of people who retired between 1992 and 2014 had income, savings, and/or non-housing assets to … more CFPB Highlights Spending Challenges in Early Retirement
An analysis of Social Security “cost of living adjustments” (COLAs) compared to the actual costs of goods and services purchased by older Americans found that Social Security benefits … more Social Security Benefits Lose 30 Percent of Buying Power Since 2000