NewRetirement Retirement News Digest : Social Security
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NewRetirement Retirement News Digest

Browse the news below to learn about important developments shaping retirement.

Social Security (RSS)

Family Cap, Age Affect Spouse's Retirement Benefit
The Wall Street Journal - August 2, 2008 I recently filed for full-retirement-age benefits from Social Security. My current wife and I discovered that my former wife also had filed based on my benefits. We were told by Social Security that she had done Read More
Social Security Benefits Don't End With Divorce
The Wall Street Journal - July 26, 2008 A divorced spouse can collect a Social Security retirement benefit based on the work record of an ex-husband (or ex-wife), and it won't affect the latter's retirement benefit -- or the benefit of that person's Read More
How to Financially Cope With Being Suddenly Single
US News & World Report - June 12, 2008 Widowhood poses special challenges in retirement. When Elaine Williams became a widow four years ago at age 47, she took on extra data-entry work to help make up for the loss of her husband's income. She also Read More
Social Security Unveils a New Online Calculator
US News & World Report - July 21, 2008 It's difficult to plan for retirement when you can't predict the precise amount of your Social Security checks. A new tool is available to more accurately estimate what your Social Security benefits will be. Read More
A Generation Gap in Retirement Planning
US News & World Report - July 16, 2008 Almost everyone aims to attain financial security in retirement. But each succeeding generation expects to be more self-reliant than the preceding one, according to a new online survey by Charles Schwab, Age Read More
Fidelity: $85k needed for long-term care costs
The Boston Globe, June 26, 2008A 65-year-old couple needs $85,000 on average to cover insurance costs for long-term care such as nursing home stays in retirement, according to a study to be released Thursday by Fidelity Investments. Read More
Uncle Sam's Top-Notch Retirement Calculator
Yahoo Finance, June 19, 2008 An improved tool from Uncle Sam is one of the best resources available to help calculate your retirement finances.Most people have the same first question about retirement: How big a nest egg will I need? Two years ago, Read More
Squeezed older homeowners seek reverse mortgages to pay loans
Sacbee, June 4th, 2008Pressured by a faltering economy and often burdened by loans they took out during the housing boom, more Sacramento-area homeowners are looking to reverse mortgages for an escape route. But many are finding the road blocked by Read More
Cash-strapped consumers take risks to raise money
Tennessean, June 3rd, 2008After a long binge of borrowing, U.S. consumers face a credit crunch and a sagging economy. To sustain their living standards, many Americans are doing what comes naturally: scrambling to raise more cash.As consumers max out Read More
Pension Debts: The Next Financial Crisis
Seeking Alpha, June 1st, 2008Book review: While America Aged by Roger LowensteinWhere were you while America aged? I’ve been following the issues in this book written by Roger Lowenstein for over 20 years. As an actuary (but not a pension actuary) Read More
Economy Has Boomers Rethinking Retirement
US News & World Report, May 27th, 2008As gas and grocery prices rise, some cash-strapped older workers are rethinking plans to retire. Some 27 percent of older workers say they are putting off retirement because of the recent economic slowdown, Read More
Mom forced to live in car with dogs
CNN, May 20th, 2008Barbara Harvey climbs into the back of her small Honda sport utility vehicle and snuggles with her two golden retrievers, her head nestled on a pillow propped against the driver's seat.A former loan processor, the 67-year-old mother Read More
Retirement money worries mount for workers
San Francisco Chronicle, May 20th, 2008Americans are worried that they might not have enough money for retirement, as health care costs rise and inflation erodes the value of their savings, according to a survey released Monday. The study sponsored Read More
Five Basics for Building a Solid Financial Future
NYTimes, May 17th, 2008The stark truth about managing our money these days is that we are mostly on our own. Few employers want us around for 40 years, so our income is likely to have ups and downs and disappear altogether for brief periods between Read More
Shrinking nest eggs: How the ailing economy affects yours
USAToday, May 16th, 2008Patty Stewart of Redlands, Calif., is beginning to think she won't be able to retire at 65. Or 67. Or possibly ever. Like millions of other people, Stewart is counting on her 401(k) and her home equity to pay for retirement. Read More
 
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