Why do fewer Americans think they'll be working past age 62?

Jul 25, 2024
American workers now expect to retire at a younger age than they did before the pandemic. But what kind of retirement will it be?
More Americans believe they won't work past age 62.
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It's easier now to pull emergency money from a retirement account

You can take out up to $1,000 without penalty if your employer offers the option, thanks to a recent law.
A new federal law makes it easier to pull money from retirement accounts in financial emergencies.
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Retirement communities are creating a "steady stream" of spending for local economies

Jul 18, 2024
At Sun City Texas, where the median age is 73, seniors are kicking up their heels and patronizing a variety of nearby businesses.
Many baby boomers are enjoying retirement and spending it up.
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Social Security benefits have lost 20% of their buying power since 2010, report finds

Jul 18, 2024
Social Security benefits are adjusted to protect retirees against inflation, but not enough, according to some experts, advocacy groups and lawmakers.
Every year, Social Security benefits are eligible for a cost of living adjustment. But experts, lawmakers and advocacy groups say the methods to calculate the COLA can be improved.
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Why are Gen Xers worried about retirement?

Jul 10, 2024
According to a new survey from BlackRock, only 60% of Gen Xers say they are on track to have enough retirement savings. And time is running out -- the oldest of them are reaching retirement age.
Unlike younger generations, Gen Xers are struggling to save money for retirement.
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401(k) contributions higher than ever, Vanguard says. But is it enough?

Jun 26, 2024
The investment company found that its 401(k) holders contributed 7.4% of their earnings in 2023. Automatic enrollment is a factor.
Vanguard 401(k) holders contributed 7.4% of their earnings in 2023 — almost 12% if you include employer contributions.
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How equitable are 401(k) plans?

Jun 6, 2024
A new Vanguard study says 401(k)s aren’t enough for many people to retire, and that the top 20% of earners get 44% of employer contributions.
White employees and those with well-off parents reap the biggest benefits of 401(k)s, said MIT finance professor Taha Choukhmane.
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For public good, not for profit.

Before, he built nuclear detectors. Now, he's making cowboy boots.

May 23, 2024
Steve Christo runs a custom boot shop in Virginia. "I thought, 'If I can build nuclear detectors, I should be able to make a boot,'" he said.
Christo works with clients to take their measurements and select leathers as part of his custom boot-making.
Courtesy Christo

Yet another version of the fiduciary rule is coming

The Biden administration's rule overhauls requirements for retirement plan advisers to act in the interests of clients.
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When the government can no longer pay full Social Security benefits

May 7, 2024
Monday's report on the system's "go-broke" date raises questions about how Social Security is funded.
Projections indicate that Social Security and Medicare benefits will be cut immediately after 2033 by 21%, says Will McBride, vice president of federal tax policy at the Tax Foundation.
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