Archive for June 2019

Boosting Financial Literacy Is A Top Priority

Financial literacy has always been a challenge. However, now that much of the burden of retirement income has shifted to employees instead of employers, it is all the more important that we begin teaching the principles of saving and investing to people as early as possible In a recent survey, 44 percent of Americans said…

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The Happiest Retirees Have Guaranteed Income

Can money buy happiness? For retirees, survey says: Yes. Research has found that the two greatest contributing factors to a happy retirement are: (1) being surrounded by family and friends and, (2) having a substantial, guaranteed, lifelong income stream. Since the number one concern among retirees is outliving their assets, it stands to reason that…

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Retirement: Savings And Financial Health

As many baby boomers near retirement, some new facts are coming into focus. According to the latest Government Accountability Office (GAO) report on retirement security, 29 percent of households aged 55 and older have no savings set aside for retirement and no pension. If that doesn’t change, they’ll be relying solely on Social Security during…

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Retirement Planning Challenge

In 1985, only 10 percent of people aged 65 and older were either in the workforce or job hunting. Today, that share has doubled, for a couple of reasons. First, fewer 65-year-olds have enough money to retire. Second, the number of people in this demographic with a college degree has more than doubled (53 percent…

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