Debt of individuals 75+ increased sharply over 10-year period

Debt of individuals 75+ increased sharply over 10-year period

Over the last decade, retirees over the age of 75 experienced astronomical growth in the amount of debt they carry. This debt expansion hit this group particularly hard, growing from 31.2% in 2007 to more than 50% in 2019, according to the Employee Benefit Research...
Americans dip into retirement accounts to weather pandemic woes

Americans dip into retirement accounts to weather pandemic woes

The pandemic’s toll on the health and pockets of millions of Americans is devastating. While some individuals with large retirement accounts are able to weather the pandemic out, there’s a large contingent of workers who are not as lucky, forced to tap into their...
Pace of retirement among Baby Boomers accelerates

Pace of retirement among Baby Boomers accelerates

Every year, millions of Baby Boomers begin retirement life.   In 2020, however, the number of retired Boomers increased more than it has in years, according to the Pew Research Center. About 28.6 million Boomers exited the workforce in the third quarter of this...
4 retirement tips you may not have considered

4 retirement tips you may not have considered

The wisdom of saving for retirement is never questioned. Yet, so many people wait too long to make meaningful contributions in to their retirement savings plan, if they have a plan at all. By age 50, however, individuals must have a clear path forward as they begin to...
Americans near retirement most impacted financially by pandemic

Americans near retirement most impacted financially by pandemic

A majority of Americans are feeling uneasy about their outlook for retirement as the pandemic continues to wear on the economy. Individuals in their 50s and 60s are most at risk to feel the economic impacts. Some are being nudged into early retirement while others are...
3 tips for those retirees who are afraid of running out of money

3 tips for those retirees who are afraid of running out of money

As a worker, retirement savings is framed as a matter of building enough money over a long stretch of time. As a retiree, your focus is no longer on saving money. Spending money and staying on budget are the primary concerns. More Americans, in fact, are worried about...