Even a few years back, the total amount of income that you make during retirement was figured as a three-legged stool, where one leg constituted the employer pensions, another was the Social Security benefits and the other retirement savings. Since then, a lot has changed. There are many amongst us who don’t have employer pensions and hence this makes the whole thing a 2-legged … [Read more...]
Retire Safe and Take the Best Investment Decisions – How to get a Predictable Income?
For majority of the retirees, one of the biggest concerns is how to find out a predictable and robust source of income. In order to maintain an affluent lifestyle (which is almost similar to their employed days), they need to know the tricks of generating enough cash. One of the key sources of steady cash is definitely Social Security and there are few others who also have a … [Read more...]
Do the Americans seem to be unduly confident about their retirement?
Research suggests that Americans are currently more optimistic as compared to what they have been throughout the past few years about retirement life. However, the only question is whether or not the Americans will have enough money to fall back on during their retirement. As per a new study by Employee Benefit Research Institute, there has been too much of confidence among the … [Read more...]
Social Security changes to come by 2020 and affect everyone from working Americans to retirees
If you consider the 43 million retirees who live on their check of monthly benefits, there’s probably nothing more important than Social Security. As per data found by the Social Security Administration, it was found that 65% seniors depend on the program to receive more than half of their monthly income. In case the seniors don’t receive Social Security benefits, it is most … [Read more...]
Financial Planning for the Retirement Years
The Ostrich Option is often the only option that you have in hand while saving for your retirement years. An Ostrich hides its head in the sand under stressful conditions; you may act like one under a financial crisis. Although it seems to be a nice option apparently, you can’t save your finances from getting off track as you retire. It’s always advisable that instead of … [Read more...]