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News You Should Know

News You Should Know: Retirees Are Being More ‘Intentional’ About Retirement

A retired man and woman walking through greenery with loved ones
Photo credit: Lee Edwards/Getty Images

Americans Living ‘More Intentionally’ in Retirement Post-Pandemic | National Association of Plan Advisors

In a recent survey by Fidelity Investments, two-thirds of American retirees said they’re being more “intentional” about their retirement and focusing on their passions in the years since the COVID-19 pandemic began. The survey also found that across generations, people are looking for a less traditional path to retirement. A majority said they want a “phased” retirement in which they continue to work while transitioning toward full retirement.

Credit Scores Decrease for the First Time in a Decade, FICO Reports | CNBC

Increases in credit card balances and other debt have led to the first decrease in the national average credit score, according to credit score agency FICO. The average had been steadily increasing since the Great Recession, but fell to 717 in late 2023. FICO found late payments and credit utilization were also up compared to prior years.

What Retirees Can Do Right Now to Reduce Next Year’s Taxes | Yahoo! Finance

If you’re retired, making sense of required minimum distributions (RMDs) and other tax implications can be confusing and overwhelming. Even if you haven’t started on your 2023 tax return yet, here are some factors to consider that could make your 2024 taxes a breeze.

How Caregivers Are Using Smart Tech to Help Aging Parents | The Verge

Older folks can sometimes be hesitant to embrace new technology, but smart home tech is proving to be useful for those aging at home. Smart devices can help loved ones and other caregivers check in more frequently and even help manage medication and other routine tasks. Here are some real-world examples of how caregivers are using modern technology to help make aging at home a little bit easier.

News You Should Know is a digest of news from publications around the nation about finance, investing, and retirement.

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