Aging News Alert

Retirement

 
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Most People Are Not Saving Enough For Retirement

More people are saving for retirement today and they’re starting to do so younger. Still, they’re not putting nearly enough away, according to a new report from the Stanford Center on Longevity

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Retirement Financial Literacy Quiz Baffles Most Older Adults

Three in four retirement-age Americans fail a quiz on how to make their nest eggs last throughout retirement. Even more troublesome, older Americans between the ages of 60 to 75 with at least $100,000 in assets display a worrying lack of knowledge on a variety of vital topics such as paying for long-term care expenses, investment considerations, strategies for sustaining income throughout retirement and life expectancy.

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South Dakota Tops Latest ‘Best Places to Retire’ Report

If you don’t mind blistering cold winters, South Dakota is the best state to retire, according to a new Bankrate.com report. Utah, Idaho, New Hampshire and Florida comprise the rest of the top five.

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What Wealthy People Near Retirement Fear Most

Do wealthy people close to retirement need to fear anything? Apparently, they think so. And what they fear most is the cost of healthcare.

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Advocacy Group Recommends Principles for Retirement Plans

In recent testimony before the Labor Department’s Employee Retirement Income Security Act (ERISA) Advisory Board, the American Benefits Council identifies a set of principles for evaluating the many health and retirement benefit plan disclosures currently required under the law.

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Survey: Most Minnesotans Favor State-supported Retirement Plan

Most Minnesota registered voters ages 35-64 who are in the workforce hope to retire and stop working at the average age of 66, but many do not feel financially prepared. Nearly three-quarters support a state retirement savings plan that would help residents save for retirement through a public-private partnership, according to a new survey from AARP Research.

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New Study Ranks Best and Worst States to Retire In

The study examined eight key factors which were weighted in line with a nationally representative survey of non-retired U.S. adults. From most to least important, the categories were: cost of living, healthcare quality, crime, cultural vitality, weather, taxes, senior citizens’ well-being and the prevalence of other seniors.

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GAO: Improvements Needed in Retirement Income Options

As 401(k) plan participants reach retirement, they face the challenge of making their savings last for an unknown lifespan, and many 401(k) plan sponsors do not offer options to help participants with this complex task.

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GAO Reviews Aging, Retirement, Social Security Linkages

An increase in average life expectancy for individuals in the United States is a positive development, but also requires more planning and saving to support longer retirements, according to a newly released report from the Government Accountability Office (GAO). At the same time, as life expectancy has not increased uniformly across all income groups, proposed actions to address the effects of longevity on programs and plan sponsors may impact lower-income and higher-income individuals differently.

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Administration Offers Sweeping Proposals on Retirement Policy

The White House this week unveiled a series of proposals aimed at ensuring near universal access to workplace retirement savings accounts and creating a path to a more portable retirement benefits by testing what works.

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