Retirement living is no longer about sunshine, golf, hospitals and low costs. It’s about senior-friendly activities, jobs, transportation and technologies. A new report examines 78 criteria in 359 cities to rank the very best …
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Retirement
Lifetime Income Stream Key to Retirement Happiness
A new study in a land of grumps reveals that retirees with a guaranteed lifetime income stream can find true happiness.
Baby Boomers Like Discounts – Just Not the ‘Senior Discount’
The senior members of the Baby Boom generation are turning 65 at a clip of roughly 10,000 per day. Even so, the generation famous for being at the center of the “youth culture” of the ’60s, doesn’t particularly like to think of …
401(k) Loan Defaults Soar, Stirring Call for Insurance
Billions of dollars are leaking out of 401(k) plans as workers lose their jobs and cannot repay loans from their plans. This has stirred some to call for insurance policies that would restore 401(k) money lost through loans that …
Retirement-Age Women Twice As Likely As Men To Live In Poverty — What’s Going On?
When it comes to personal finance, there is (if you’ll pardon the pun) a wealth of information to show women are more cautious, more meticulous and more responsible. And yet, a new study today from the U.S. Government …
Are Dividend Stocks the Next Bubble?
Dividend stocks are leading the market and some pundits believe the rally is a bubble about to end badly. But they may be underestimating the flood of income-starved retiree money heading this direction in a record low-yield environment.
Millionaires Can Afford to Play It Safe — For The Rest of Us, It’s A Risky Strategy
Domestic stocks are the No. 1 place that millionaires have been putting their money in the past year, according to a Fidelity survey, which runs directly counter to the behavior of the average investor.
The “Action Gap”: Why Workers Refuse to Save More for Retirement
New research uncovers a vexing problem: The typical worker can readily find an additional 5% to 10% in their budget to put away for retirement. But they don’t do it because they are unsure what moves to make.
Proof That Workplace Financial Education Works
One-on-one financial counseling at the office leads to higher savings rates and other wise money choices, a new study shows. Other research in this area is conflicting. But employers are embracing the benefit.
Retirement Savings: 11 Times Final Pay is the New Target
How much do you need to retire? It’s the cosmic question of our day and a new report from Aon Hewitt puts forth a simple answer. But this won’t be the last word on the subject.
Selling Your Dream for Cash: The Unfortunate Mainstreaming of the Reverse Mortgage
A new report shows that the reverse mortgage remains a confusing product, but that it has gone mainstream nonetheless and represents an unnerving erosion of homeowners’ financial safety net.
There’s One Upside For Unemployed Older Workers: Happiness
A recent study suggests that there’s at least one upside for the millions of beleaguered older Americans among the nation’s long-term unemployed: Unlike their working peers, retirement — officially calling it quits –actually …