A digest of timely information and insight about finance, investing, and retirement
Retirement security at top of wish lists for next president | Pensions & Investments
No matter who wins the White House in November, a number of experts say that the next administration will have to do more to advance retirement security. Also on their wish lists? Shore up Social Security, boost the economy and better equip the Securities and Exchange Commission.
Is this what you had in mind for retirement? Here’s what actual retirees found out | Bloomberg
A new survey by HSBC Group suggests that pre-retirees’ expectations for their future differs from the way retirees fund their spending today. Today’s pre-retirees expect to save for seven more years than current retirees did, and they are more likely than current U.S. retirees to expect future retirement income from selling property, either by downsizing or selling a primary or secondary home.
Thinking of buying your dream home for retirement? Do your homework first | Washington Post
Buying that retirement dream home is a big deal. Like everything else when it comes to retirement, it takes a lot of planning. And you’d better do research first.
Check these 7 retirement blind spots | Morningstar
Don’t limit your retirement readiness check to an assessment of your account balances and your Social Security payments. Make sure that you’re considering the whole gamut of financial-planning considerations in retirement – especially new expenses and costs that you might not have had to contend with when you were working.
No bump likely in Social Security next year | CNBC
The Board of Trustees of the Social Security Trust Funds estimates that the 2017 cost-of-living-adjustment likely will be very small to flat: from 0.7 percent down to zero. The adjustments are based on increases in the consumer price index.
This common delusion can wreck your lifestyle in retirement | MarketWatch
Many boomers think they’ll retire debt-free, but that’s not likely to be their reality. More than eight in 10 middle-income Baby Boomers – with an annual household income between $25,000 and $100,000 and less than $1 million in investable assets – now has at least some debt, according to a survey from insurance firm Bankers Life Center for a Secure Retirement. Yet many average boomers engage in the common delusion that they will retire debt-free. More than half of non-retired, middle-income boomers say they plan to retire without debt, the same survey shows.
PERA on the Issues posts are written and compiled by the staff of Colorado PERA under the direction of Executive Director Greg Smith and the PERA Board of Trustees. We encourage you to comment with your thoughts and feedback.
