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Check Out AARP’s Online Social Security Resources

Posted on 08/22/2014 by |AARP Blog Author | Comments

Money & SavingsBy  Jean C. Setzfand “How secure do you feel about your retirement?” I may be the only person around using that question as a cocktail-party opener. But even if you’re not constantly surveying everyone you know, it’s likely you’ve seen the recent attention-grabbing headlines about people’s lack of retirement savings. So you won’t be surprised to learn that my unscientific surveys match the more qualified studies, in which folks report feeling “anxious” and “uncertain” about retirement or even that it’s “not possible.” …

Do You Worry About Money? Join the Club

Posted on 04/24/2014 by |Money and Work | Comments

Bulletin Today | Money & SavingsWhether you’re nearing the end of your working life or still several decades away, Americans all share the same financial fear: Will I have enough money to retire? More than two in three Americans ages 30 to 64 say their top financial worry is whether they’ll be able to save enough to live reasonably well in retirement, according to a Gallup poll released this week. Not being able to pay for medical costs was the top money fear for people …

Money Questions? Carrie Schwab-Pomerantz Answers Them

Posted on 03/21/2014 by |Money and Work | Comments

Bulletin Today | Money & SavingsCarrie Schwab-Pomerantz (yep, Chuck’s daughter) doesn’t want you to lie awake at night, worrying about whether you’ll be able to afford to retire. Instead, she wants you to consult her new compendium for advice, not unlike the way patients thumb through a medical reference guide to learn about a particular disorder. The chapter titles in The Charles Schwab Guide to Finances After Fifty are similar to the questions in Ask Carrie, her syndicated personal finance column. Are you in your 60s and way …

Tools to Shore Up Retirement Savings

Posted on 01/23/2014 by |Money and Work | Comments

Money & SavingsThe road to retirement may seem uncomfortably short, particularly if you’re in your 50s and haven’t saved much. The latest Federal Reserve data shows that households with people ages 55 to 64 have accumulated a median $120,000 in retirement savings. That amounts to about $400 to $500 a month in income, according to a CNBC report, on top of the average monthly Social Security benefit of $1,294. If you’re 10 to 15 years out from your projected retirement date, it’s …

AARP Debuts New Health Care Costs Calculator

Posted on 11/18/2013 by |Money and Work | Comments

Bulletin Today | Money & SavingsIt could be a costly mistake if you aren’t considering health care costs in your retirement plan, financial advisers tell us. According to the latest estimate by Boston-based Fidelity Investments, premiums, deductibles and other out-of-pocket expenses could cost a 65-year-old couple retiring today a hair-raising $220,000 — and that’s after Medicare coverage kicks in. Yet we seem to be a little short-sighted. In a recent Fidelity poll of more than 1,800 people, nearly half of adults ages 55 to 64 believe …

Retire at 62… 65… 70? New Social Security Calculator Shows You the Money

Posted on 07/12/2011 by |AARP Blog Author | Comments

WorkTiming is everything. Good things come to those who wait. Patience is a virtue. Why is a cliché-fest so appropriate when it comes to deciding when to claim your Social Security benefit? The numbers tell the story. >> Slideshow: Top 10 Consumer Spending Regrets And now there’s a fast and easy way to estimate the impact on your own bottom line: AARP’s  interactive online Social Security Benefits Calculator. It’s free and available to anyone, regardless of age. Why is Social …