Money
Retirement

EDITORS' PICK

Covid-19 Side Effect: Social Security Retirement Benefits For Boomers Born In 1960 Will Take A Big Hit

The culprit is the Average Wage Index and two obscure parts of the Social Security benefits formula. Will Congress act to fix this?

More from Retirement

10 hours ago

A Covid-19 Nursing Home Death: My Uncle Jonas

The New York Times illustrated the gravity of the pandemic with its arresting front page of the names of roughly 1% of those who died from the coronavirus. For our family, though, no front page was necessary.
May 28, 2020

Why Many People Really Start Businesses In Retirement

Why are so many Americans over 65 self-employed? If you’re thinking the answer lies in Nelly’s lyrics, “Hey, must be the money!” you are mistaken. At least that’s what three researchers found in their recent research looking at self-employment and contract work by age.
May 28, 2020

Income Annuity Pricing For An 85-Year-Old Female

We may also consider the alternative of just waiting until age eighty-five and then buying an immediate annuity. During those twenty years, interest rates and mortality tables can change in unexpected ways, which will impact the future pricing calculations.