While the annual Retirement Confidence survey shows Americans in 2021 had near-record-high confidence in having enough money for retirement, the survey also includes an analysis of the challenges Black and Hispanic Americans face in saving and preparing for retirement.
Here are strategies that can be helpful for clients who have regrets over the timing of their Social Security claiming decision, whether they claimed early rather than holding out for a bigger check or waited longer than necessary.
The agency has unveiled a new 'express interview' process to help people apply for original or replacement Social Security cards and submit necessary proof of identity in person. But it encourages the public to continue to submit applications online.
But unemployment resulting from Covid could temporarily reverse that positive trend.
Selling unneeded insurance policies to a third party can provide retirees with needed income.
A senior advocacy group predicts benefits will rise 4.7% next year, based on the 0.8% increase in the April consumer price index.
A new tool tracks spending and sends alerts about unpaid bills and potential elder fraud, helping families to organize and protect the daily finances of an aging loved one.
Social Security Administration Commissioner Andrew Saul warns that underfunding the system will increase benefit delays.
The annual EBRI survey underscores workers' and retirees' optimism about the outlook for Social Security and Medicare.
Some leading retirement experts are questioning whether advisers should rethink their assumptions about retirement spending when creating financial plans.
