Retirement Planning

For years people have been worried about Social Security's future, but what is the actual outlook? According to the federal government, unless Congress acts to intervene, Social Security shortfalls are expected beginning in 2035.   ...

A spending bill signed into law by the President contains major changes to retirement plans. The bipartisan legislation is designed to provide more incentives to save for retirement, but it may require workers to rethink some of their planning. ...

When it comes to long-term care costs, the charges for home care are now rising faster than those for nursing home care, according to Genworth's 2019 Cost of Care survey.

If you are nearing your 50s without a post-retirement plan, this is an opportunity to plan judiciously and start saving for your retirement. Here are five strategic steps for achieving this.

An annuity can be a useful tool for long-term care planning, but annuities are also complex financial products that are hard to understand. If purchasing an annuity, you need to consider your options carefully. ...

A new report finds that almost no retirees are making financially optimal decisions about when to take Social Security and are losing out on an average of more than $100,000 per household in the process.

Older Americans with a life insurance policy that they no longer need have the option to sell the policy to investors. These transactions, called "life settlements," can bring in needed cash, but are they a good idea? ...

Federal law requires that after you reach age 73, you must begin withdrawing a minimum amount from your retirement accounts. But what if you die after you begin or before all the account funds have been distributed?...

Donor-advised funds are a growing trend in giving that may get more popular due to the new tax law.