When women become mothers, their earnings often take a substantial, and permanent, hit that becomes larger with each additional child. A new issue brief published by the Center … more How Much Does Social Security Offset the Motherhood Penalty?
Most Americans are still contending with the financial impact of the COVID-19 pandemic, according to the latest set of findings from Northwestern Mutual’s 2021 Planning & Progress Study. The … more Study: Half of Americans Say They’re in Financial Recovery Mode
Many retirees are concerned about the risk of needing substantial long-term care as they age, but the likelihood of this happening remains unclear. The results of a new … more What Level of Long-Term Services and Supports Do Retirees Need?
A recent study from the University of Michigan Retirement and Disability Research Center that examined the aging populations of the United States and Singapore found that life shocks … more Here’s Why People Don’t Save Enough
New data from the Center for Retirement Research at Boston College shows a decline over the past two decades in the percentage of 62-year-olds claiming Social Security benefits … more Early Claiming of Social Security Declines
Yahoo Finance published a state-by-state listing that included average retirement ages, dollar amounts needed annually to live a comfortable retirement and retirement savings needed. Although “full retirement age” for Social Security … more Retirement Numbers By State
Retirement account balances, which took a sharp nosedive almost exactly one year ago when the coronavirus outbreak caused economic shockwaves, have now bounced back entirely, according to the … more Fidelity: Number of 401(k) and IRA Millionaires Hits Record
New research from Fidelity forecasts the average 65-year-old couple will spend $300,000 on healthcare in retirement, while the 2021 estimate for singles is $157,000 for women and $143,000 for … more Fidelity: Projected Healthcare Expenses Reach Record High
Couples need between $650,000 and $860,000 in savings to remain financially independent in retirement, according to a new article from Motley Fool reporter Ryan Downey. Downey says the … more Motley Fool: Couples Need At Least $650,000 to Retire
As life gets back to normal and the economy continues its recovery, the outlook among retirees and workers concerning their financial future remains optimistic. The Employee Benefit Research … more EBRI Survey: Americans More Optimistic About Financial Future