Student Loans Hurting Workers’ Retirement Savings Ability

A recent survey released by human resources consulting firm Aon Hewitt added further to the evidence that student loan debt has a detrimental effect on retirement security.

The survey found that:

  • Employees with student loans participate in company retirement plans at a lower rate than those who don’t (71 percent vs. 77 percent)....

COLA Barely Budges 2017 Social Security Benefits

The Social Security Administration released its annual Cost of Living Adjustment (COLA) for benefits this past Tuesday. The good news is there is actually an adjustment this year, unlike in 3 of the past 7 years; the not-so-good news is that the raise was a paltry 0.3% (roughly $4 more per month for the average benefit of $1,360)....

,

Simple Tax Tips for Retirees

,

Nobody wants to pay taxes, least of all retirees who often don't have a lot of money to begin with. As a retiree on a fixed income, it's natural to want to hang onto every penny you get your hands on, and the idea of forking over even a small amount of your income to taxes might seem like a major blow. But if you prepare for what's ahead and make a few strategic decisions, you could lower your taxes and keep more of that money for yourself....

Estimating your Retirement Cash Flow Needs

How much do you plan to spend when you retire? It’s a tricky question, and one of the first I ask anyone who is looking for retirement planning advice. Unsurprisingly, most people find it difficult to answer, especially if you’re years away from actually retiring....