Bulletin Today | Money & Savings | News RoundupsOof. The latest estimate of an average American couple’s retirement health care costs is $240,000. The calculation, from Fidelity Investments, is based on a 65-year-old couple with Medicare coverage, and factors in things like premiums, co-pays, deductibles and out-of-pocket prescription drug costs. It doesn’t factor in things like long-term care, dental services, over-the-counter meds or hearing aids.
Bulletin Today | Money & Savings | WorkYesterday I wrote about droves of older Americans who’d checked out of the workforce in April, perhaps because some were unemployed for a long time and had given up looking in a weak jobs market. But a few economists who’ve been studying the labor force see a more positive trend: they believe many of these people just plain retired. Economist Mark Zandi, in a USA Today report, says more employed workers than unemployed dropped out of the labor force last month. …
Bulletin Today | News RoundupsThe majority of Asian, African American and Hispanic retirees in the United States struggle to cover basic living expenses, according to new research from the non-profit Wider Opportunities for Women (WOW).
Bulletin Today | News RoundupsMillions of older adults are still paying off student loan debt. New research from the Federal Reserve Bank of New York found Americans 60 and older still owe about $36 billion in student loans.
Bulletin Today | News RoundupsNalcrest is a haven for retired mail carriers, and they’re “delivering a first-class protest” against the demise of the U.S. Postal Service.
Bulletin Today | News RoundupsHow much money will you need in retirement? Yes, it’s a big—and complicated—question. Many retirement planning exercises start by asking you to figure out how much income you’ll need to replace after you stop working. But looking solely at income isn’t enough, says the Employee Benefit Research Institute (EBRI). A new report from the nonprofit research group considers the intersection of income, expenses and savings in retirement.