Retirement

BlackRock BLK CEO Larry Fink issued his Annual Chairman’s Letter to Investors. Always a much-anticipated document, this year’s letter is titled “Time to rethink retirement.” Fink asks, “How do we afford longer lives?” and argues that we should at least start the conversation of when retirement should be in an era of increasing longevity and

It goes by many different names: semi-retirement, partial or phased retirement, second career, and so on. But typically, it means the same thing: working in some capacity after retiring early. According to the 2024 State of Retirement Planning Study by Fidelity Investments, the rise of remote and hybrid work has shifted retirement preferences for working

By Hanna Horvath, Next Avenue By the time most Americans enter retirement age, they want to be free from many financial burdens. But for a growing number of older adults, debt has become an unwelcome traveling companion. According to the Survey of Consumer Finances, the number of households headed by adults ages 65 or older

For the past four years, I’ve sent out a free, comprehensive retirement newsletter every Sunday. This labor of love includes three handpicked articles on retirement planning, along with general interest pieces on finance, health, and media. I also share links to valuable research tools and model portfolios from the week. You can check out the

Financial planning is less about knowing what to do and more about doing what we know. Sure, there are a myriad of complexities littered throughout the wealth management universe deserving our deliberation and calibration, but I’d be willing to bet that you are already aware of the following list of financial planning “shoulds,” right? You

By Edd and Cynthia Staton, Next Avenue As retirement approaches, you must face the question, “What is the best age for me to claim Social Security?” Experts declare that you should avoid taking reduced payments at age 62 unless you need the money immediately or have health issues that may shorten your lifespan. They almost

Suppose you’ve saved for a few decades in your 401(k) plan and IRA and you’re approaching retirement. How do you know if you’ve saved enough money? You might have heard you’ll need to save $1.46 million to have a comfortable retirement, based on a recent survey of 4,588 U.S. adults conducted by Northwestern Mutual. The

Years ago, people turning 65 would retire and enroll in Medicare. But that has changed. Today, more people are working longer. Pew Research Center reported that 19% of those age 65 and older were employed in 2023. That’s almost double the number who were still working 35 years ago. Medicare presents some challenges for these

In Part 1 of my response to Sen. Bernie Sanders and economist Teresa Ghilarducci, I explained why Sanders’ favorite and most compelling factoid – that nearly half of Americans approaching retirement have zero savings – is outright false, something Sanders should have known for years. But it’s not about a single factoid. In arguing that

Many of us in families with aging loved ones have had brushes with a mentally ill family member. As our medical system for addressing and treating mental illness is is clearly broken, the worst effects of these illnesses can wreak havoc as the parents age. When chronic mental illness is present, things can get frightening