June 15, 2021 Employers Want Help with Health Costs The cost of employer health insurance has skyrocketed, and workers are picking up some of that growing tab. Amid employees’ grumbling, employers are loath to push more of the cost onto their workers. That’s why the consensus view among major employers, expressed in a recent survey, sounded like a cry for ...

June 10, 2021 Here’s Why People Don’t Save Enough In the United States and Singapore – places that emphasize self-reliance – many older workers and retirees admit that, if given a do-over, they would have saved more money over the past 20 or 30 years. Regret was more common in the United States – 54 percent of older Americans had ...

June 17, 2021 Workers Overestimate their Social Security The U.S. Social Security Administration reported a few years ago that half of retirees get at least half of their income from their monthly checks. For lower-income retirees, the benefits constitute almost all of their income. Yet Americans have only a vague understanding of how this crucial program works – one of ...

June 8, 2021 $4 Billion in Pension Payments Returned It’s the employer’s responsibility to find former employees and keep them apprised of any retirement benefits they left behind. But that hasn’t always worked out. Some employers don’t have former workers’ current contact information, and others don’t bother to track them down. Worst-case scenarios are often fallout from a merger: the ...

June 1, 2021 No-Benefit Jobs Better than Retiring Early Many workers in their 60s lose some of their stamina. Either their bodies start showing signs of wear, or they don’t tolerate on-the-job stress like they used to. People who find themselves in this situation but can’t afford to retire will appreciate the findings in a recent study: older workers who ...

May 25, 2021 Retirees Intent on Leaving Homes to Kids Every year, older homeowners leave billions of dollars worth of the wealth locked up in their houses to their adult children. This is a paradox if one considers that home equity is one of retirees’ primary assets and could be a crucial source of income for people who are “house ...

May 20, 2021 Black Millennials’ Wealth is Sliding It’s still too early to assess the full impact of the COVID-19 downturn on Millennials’ economic fortunes. But Black Millennials had already lost a lot of ground before the pandemic hit their communities hard. Their wealth in 2019 was just half of what would be expected based on how much wealth their ...

Feeling like you are behind in retirement savings is a common sentiment. People are not generally as far behind as they think. Second career doctors have already taken care of some things that a doctor just coming out of residency has not, like owning a car, home, and raising children. Your highest earnings of your career are typically in your ...

May 18, 2021 Nearly Half on Disability Want to Work An unfortunate misperception about people on federal disability is that they’re not interested in working. In fact, nearly half of them want to work or expect to go back to work, and that share has been rising. But getting or keeping a job has proved difficult, and the employment rate ...

May 11, 2021 Psychology Added to CFP Certification Financial advisers have no shortage of clever strategies to dispense to their clients. The tricky part is getting the psychology right. Human beings have all kinds of hang-ups about money. Presumably, someone who’s walked into a financial adviser’s office has broken through the first barrier to getting help: denial. But even then, ...

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