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From MarketWatch:
If Robinhood disrupts the retirement business, it won’t be because of meme stocks and crypto, but stodgy long-term investment strategies: Some investors don’t know how they’re invested when they first deposit money, but Robinhood is looking to change that.
As baby boomers hit another milestone next summer, Social Security will feel the strain: The largest number of people are expected to celebrate their 65th birthdays next year.
We’re retired, have about $350,000 in our accounts and live comfortably with Social Security and pensions. Should we pay off our $132,000 mortgage?: Many retirees want to pay off their mortgages, but sometimes it makes sense — and sometimes it doesn’t.
Also on MarketWatch:
If they come for Social Security and your retirement accounts, this is how they will do it
Play games to help keep dementia at bay: study
‘It’s a win-win’: Federal program helps ‘the most vulnerable’ seniors find jobs — and helps employers facing labor shortages.
Retirement savers are anxious about inflation and stock-market volatility: survey
1 in 5 U.S. workers think their jobs are socially useless
America’s on a ridiculous path, with plenty of downgrades to come
How Jamie Lee Curtis had ‘the most creative life in the last year’ at age 64
Social Security: What the budget guys get wrong
More in retirement news:
Millions of older workers are nearing retirement with nothing saved (CBS News)
Utah CEO accused of using $300K of employee retirement funds for business expenses (KSL TV)
What is your magic retirement number? (Reuters)
Massachusetts truck driver wins $1M lottery right before retirement (USA Today)
Roger Federer Is Having Fun in Retirement (The New York Times)
Research and Insight:
Experts Forecast More Retirement Plan Options for Gig Workers (Planadviser)
Big Portfolio Trends Retirement Investors Can’t Ignore (ThinkAdvisor)
Half of Canadians would retire later if work hours reduced: StatCan survey (Vancouver Sun)
Boston Project a Welcoming Home for LGBTQ Retirees (Center for Retirement Research at Boston College)
To share with your family, friends and clients:
I’m in my 70s and doing Roth conversions, but I’m not sure I’m doing it right
‘Is this heaven?’ No, but it’s the best state to retire in.
These 5% CDs are the best deals in town
My elderly parents didn’t plan ahead. We’re making some tough decisions.
We’re 57, and our work is unpleasant and tiresome. We have $800,000 in 401(k) plans and $1.15 million in a pension. Can we just retire already?
If I have $10 million, how much should I give away while I’m alive?
Look for these 6 nutrients in your diet to help ward off dementia and keep your brain sharp
