Older workers, especially minorities, are being pummeled by the downturn: Some Americans are struggling much more than others by the economic turmoil the pandemic created.
Turned 60 last year? Social Security has an unpleasant surprise for you: Celebrating that big 6-0 in 2020? That’s great, but you may want to watch what Congress does carefully regarding your future Social Security benefit checks.
How much income will your 401(k) provide?: The balance of your retirement account isn’t the only important number to know when preparing for retirement. How much it translates to retirement income is also crucial.
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We want to buy a home on 10 wide-open acres and live on $50,000 a year — where should we retire?
Retirement Tip of the Week: Talk to your spouse about retirement plans now
More in retirement news:
COVID-19 is driving many California teachers to early retirement, CalSTRS says (Sacramento Bee)
How to start saving for retirement again in 2021 (Fox Business)
A real-estate investor retired at 27 making $15,000/month (Business Insider)
Marital advice for those nearing retirement (GovExec.com)
Here’s your chance to earn a tax credit for saving toward retirement (Motley Fool)
Research and Insight:
How is COVID-19 hurting women’s retirement planning? (Barron’s)
Workers, employers differ on views of retirement security (FEDweek)
Wisconsin retirement ‘crisis’ target of new recommendations (KSTP)
Few retirement plans offer alternative investment options in target date funds: Study (ThinkAdvisor)
Billionaires got much richer in pandemic (Center for Retirement Research at Boston College)
To share with your family, friends and clients:
Baby boomers face financial distress and age discrimination
Did you retire too soon? How to get back in the workforce
9 pandemic trends that may stick around a part of our future routine
Start a small business by capitalizing on these 4 trends
Growing old and the ‘secret Japanese art’ of gratitude
Taxes in retirement: What happens after your husband or wife dies
I’m 60 and want to retire on between $800 and $1,200 a month, ideally near the ocean in Mexico — where should I go?