Millennials, consider this expense in your retirement planning: Health care expenses will be a major component of your spending in retirement, but it goes deeper than that.
Worried you might outlive your savings? Try these 6 things: Many retirees are concerned they’ll run out of money in retirement, but there are ways to protect themselves.
Nearly a third of 401(k) plans contain less than $10,000: Not everyone can afford to save much money in their employer-sponsored retirement plans, and some don’t use them to their full potential.
Also on MarketWatch:
Prescriptions alone cost us $5,000 a month: How the health care system fails working Americans
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Social Security checks on track for their biggest annual boost since 2009
Do retirees need to be worried about inflation?
Biden’s latest housing nominee could help all Americans — but especially older ones
New to Medicare? How to use the star ratings system
Résumé, networking and interviews: Here’s some smart advice for boosting your chances of getting a job
More in retirement news:
NC House passes bill eliminating income tax on military retirement (WCTI)
Even as meme stocks surge, retirement savers stay vanilla (The Seattle Times)
Borrowing from your retirement fund: What you need to know (Forbes)
Availability of state auto-IRAs appears to complement private market for retirement plans (PEW)
How a ‘mini retirement’ sabbatical can be good for the soul (Real Simple)
Research and Insight:
Women’s confidence in retirement savings hits all-time low post-pandemic (Yahoo! Finance)
This is pre-retirees’ top retirement concern (Mooresville Tribune)
Having purpose, contributing to society key to living well in retirement: study (McKnight’s)
Workers overestimate their Social Security (Center for Retirement Research at Boston College)
To share with your family, friends and clients:
You could unwittingly triple your Medicare premiums — here’s what to watch for
‘It’s such a brave act to jump into small-business ownership’ — what the new SBA administrator is doing for older entrepreneurs
This is where older Americans find the most happiness
Worried about retirement? Welcome to the club
I want to move to a walkable, historic, four-season town and have a budget of $30,000 a year — where should I retire?
Shoring up Supplemental Security Income would help many of the nation’s poorest
The new cruise ship rulebook: What to know about booking a trip, getting on board and other changes
Public pensions lose on hedge funds — again
Should I roll over my 401(k) when I move to a new job — and if so, how? What to know about rolling over your retirement accounts