Faced with mounting pension costs and greater volatility, companies are increasingly offering their current and former employees a critical choice: Take a lump-sum payment now or hold on to their pension plan....
High Anxiety
The struggle to save for retirement — and the anxiety caused by feeling behind — is a high financial concern reported by Americans in 2016. Three-quarters (76%) of Americans said they experienced at least some financial worries last year, with health care expenses, lack of an emergency fund and credit card debt also topping the list....
How Earned Income Affects Social Security Benefits in Retirement
Inflation as Retirement’s Silent Killer
Here’s some eye-opening statistics for you: At a conservative inflation rate of 2.5%, your dollar today will be worth about 78 cents in 10 years. That same dollar will be worth only 61 cents in 20 years, and only 48 cents in 30 years. Think about how that could impact your lifestyle in retirement....