Retirees face new financial planning challenges during pandemic

Retirees face new financial planning challenges during pandemic

With all the immediate economic fallout associated with the COVID-19 pandemic, there’s still more trouble ahead for individuals focused on retirement planning and saving. Unlike any other moment in recent memory, retirement planning faces intensifying risks....
How’s your retirement savings? Savings of Baby Boomers are too low

How’s your retirement savings? Savings of Baby Boomers are too low

While many Baby Boomer gear up to leave the workforce, their financial standing isn’t exactly prepared for the transition. The median savings balance for those between the ages of 56 and 76 is under $150,000 and inadequate by most standards. Baby Boomers have saved...
Options for retirees impacted by the coronavirus emergency

Options for retirees impacted by the coronavirus emergency

Depending on your circumstances as someone approaching retirement age, the coronavirus emergency may have touched your financial footing in some way. As millions of Americans face financial stress, reduced hours, and even layoffs, some pressures may go beyond loss of...
4 ways to safeguard your retirement from coronavirus economic fallout

4 ways to safeguard your retirement from coronavirus economic fallout

In a blink of an eye, the world changed with the coronavirus epidemic. Beyond the health repercussions, many Americans are feeling immense pocketbook pain, both in the immediate and possibly the foreseeable future. Retirement savings have also taken a hit. Individuals...
Retirees, Social Security recipients to get $1,200 stimulus checks

Retirees, Social Security recipients to get $1,200 stimulus checks

In a matter of weeks, millions of Americans, including retirees, will receive a $1,200 check as part of a stimulus package to address the COVID-19 pandemic. Individuals who claim Social Security can also be eligible for financial aid. Here’s how it works: Americans...