According to a recent survey by Transamerica, most workers think that the financial challenges they’ll face in retirement will be harder to overcome than the challenges that prior generations faced. Do you agree?Read on to find out workers’ top concerns about retirement and Social Security, and why they’re so concerned.
Category: Long Term Care
Why Valero Energy, Ensign Group, and The Bancorp Slumped Today
Wednesday was another good day for the stock market, as major market benchmarks posted gains of between 0.25% and 1% to climb back within reach of new record levels. Many market participants focused on the release of the Federal Open Market Committee’s most recent meeting minutes, which didn’t have any major surprises that threatened the positive mood among investors.
Sorry, Baby Boomers: You’re Never Going to Retire
The oldest members of the baby boom generation have turned 70, and thousands more are reaching standard retirement age every day. Yet even as baby boomers approach their golden years, they’re doing so with an unprecedented level of pessimism about their financial future.
Reverse Mortgage Line of Credit Could Fund Long-Term Care
There’s a 70% chance that people over 65 will need some kind of long-term care, including services such as home care, assisted living and skilled nursing, according to government statistics . There are lots of ways to pay for long-term care services, including Medicare, Medicaid, traditional health insurance, long-term care insurance , life insurance and annuities.
Forget Social Security Cuts: Here’s What Americans Fear Most in Retirement
We all know that Americans fear Social Security benefit cuts, and rightfully so: Social Security is currently on an unsustainable path that will lead to the Trust Fund’s being depleted by 2034, according to current estimates. That would lead to a 25% or so benefit cut for retirees to keep the program operating.
Americans’ 5 Big Fears About Retirement
If you’re among the millions of American workers worrying that retirement may fail to live up to your expectations, you’re not alone.A new study by Transamerica shows that American workers are wrestling with fearsinvolving financial security and health in retirement. If you have similar worries to the respondents to this survey,here are some ways to overcome them.