Social Security replaces only 40% of pre-retirement income while experts recommend replacing 80% to 90%. 64% of Americans fear running out of money in retirement more than death. Annuities can provide ...
For almost a decade, federal employees have had the option of entering phased retirement, a status in which they work half time and receive half of their annuity. But only a relatively small number of ...
If you're planning to retire after 2028 under the Federal Employees Retirement System (FERS), a new bill could take away a major piece of your expected income: the FERS annuity supplement. The FERS ...
I am 53 years old with 18 years of service. I understand that I can retire under the Federal Employees Retirement System at age 55, when I will have 20 years of service. I also understand that if I ...
Retirement planning often feels like trying to hit a moving target. Just when you think you've figured out how much you need to save, inflation shifts the goalposts, market volatility throws you off ...
Teachers are retiring in droves because of the pandemic and need to rethink their retirement plans, according to Tom Granger, second vice president of qualified plans at Security Benefit, a retirement ...
A recent article in U.S. News and World Report suggests seniors and baby boomers consider turning their homes into an annuity by using one of the least tapped avenues of a reverse mortgage. These ...
Social Security will continue to provide benefits to seniors for decades, but it probably won't cover all your expenses. Saving as much as you can for retirement on your own can help improve your ...