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Advice industry adapts to changing concept of retirement
Sharp increases in longevity are changing the very concept of retirement, and the financial advice industry must adapt. “For decades, the financial services industry has positioned retirement as the ultimate goal, the endgame,” Jan Blakeley Holman, director of adviser education for Thornburg
Why health care is the ultimate retirement wild card
New study focuses on the need to integrate health care and retirement planning.
Social Security tool steps out with new version
Popular software program's improvements include the ability to compare up to four claiming strategies side-by-side.
How a gloomy health prognosis affects Social Security claiming strategy
For one couple, shortened life expectancy is a strong reason to collect benefits early.
Inflation, markets affect Social Security claiming decision
Deciding when and how to claim Social Security benefits is not just a simple matter of collecting smaller checks earlier or bigger checks later. Current and future economic conditions can have a big impact on the net present value of benefits over a retiree's lifetime.A new white paper on
Social Security offset rules can cut or eliminate benefits
Public employees, including some schoolteachers, may not be aware of reductions.
Everyone's talking about postponing Social Security benefits
Do you ever wonder why so many people are talking about the value of delaying Social Security benefits?
For (almost) every rule there are exceptions
There are more than 2,700 "rules" around claiming Social Security benefits and most of them can be broken
Lump sum or monthly pension? How I made my decision
The question is one advisers are likely to hear more often. The answer depends on a person's financial needs, life expectancy and access to other assets.
Minimum Social Security benefit protects survivors
Social Security rules are complicated, and occasionally I get them wrong.For example, I had always relied on the Social Security Administration's publications that clearly stated: “If the person who died was receiving reduced benefits, we base your survivor benefit on that amount. The maximum
Wife's unexpected death draws Social Security questions
Regular readers of InvestmentNews know I often urge married couples to select a Social Security claiming strategy that will result in the largest possible survivor benefit. That is usually accomplished by having the higher-earning spouse delay collecting retirement benefits as long as possible — up
How higher Medicare premiums affect Social Security benefits
One woman finds out the real reason why her Social Security check declined.
Social Security: What professional women need to know
When Social Security was created in 1935, the typical American family had a working husband, a stay-at-home wife and a houseful of kids. Today, 40% of mothers are either the sole or primary source of income for their families — a figure that has nearly tripled since 1960.As women's role in the
Creative claiming strategies increase Social Security benefits
A few important concepts can help clients bring in more during their retirement years.
Who's risk averse? Not Millennials
Concern that the future of the federal safety net for seniors is precarious and the ubiquity of 401(k)s are prompting those born from 1979 to 1996 to get an earlier start on saving than prior generations, And they're ending up in stocks.