Americans view healthcare costs as the leading obstacle to financial security in retirement, according to new data from Northwestern Mutual’s 2017 Planning & Progress Study. In fact, the number of Americans citing healthcare costs as their chief concern spiked dramatically from 45% in 2016 to 58% this year....
Here Today, Gone Tomorrow
According to the Social Security Administration, half of married couples count on Social Security for at least half of their income. The numbers are even higher for non-married recipients. A significant portion of non-married retirees are widows and widowers, many of whom see their household income fall sharply when their spouse died. Why?...
Sock A Little More Away in 2018
Along with cost of living adjustment news by the Social Security Administration, October is also the month when the IRS informs us of any changes to income and contribution limits effecting retirement plans. This year, the agency has announced new, higher contribution limits in 2018 for some retirement savings accounts....